Turn on the news or go online and it seems there are almost as many explanations and theories as there are people offering them. Transamerica feels the recent declines have been driven by numerous factors. Chief among them is what’s happened in China. In a nutshell, sluggishness in the Chinese economy has led officials there to significantly devalue the currency to make exports less expensive. The concern here is that this may make American exports to China more expensive, and hurt U.S. companies.
No matter what has caused the recent market volatility, what’s most important is that you weather this storm successfully and remain on course to have the kind of retirement you want, when you want it.  Suggestions from Transamerica…
