Your Retirement: What’s Luck Got to Do with It?
Dealing with the unpredictability of the markets can be a challenge for any investor. No one wants to see their portfolio diminished by a sudden dip or long-term downturn, no matter how young or old they might be or what their investment goals are. But for those who are near or new to retirement and planning to pull a portion of their income from their investments, a market decline can be especially devastating.
Remember, when you’re close to or in retirement, you have less time to recover from a big loss. And if you’re withdrawing money from a depleted retirement account — one you’re no longer contributing to — you risk running through your funds much faster than planned.
- SEE MORE Are You Being Too Frugal
