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Why the First Five Years of Retirement Are the Most Dangerous
Manage episode 514841225 series 3428540
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Did you know that what happens with the stock market in the first few years of your retirement can either make or break your entire nest egg? It's true. If you retire just when the stock market takes a downturn, and you're selling stocks to provide yourself with an income, you're courting disaster.
Of course, there's nothing you can do about market volatility. The movement of stocks is completely out of your control. But what you CAN control is your reaction to that volatility – which may be as easy as choosing the right withdrawal strategy.
How do you avoid this so-called "Sequence of Returns" risk? Find out from host Johnny Dean and "Professor" Rick Plum, CFP® on today's episode of Managing Your Financial Future!
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