Avoid These 3 Retirement Income Mistakes
If you’re preparing to retire, you may be spooked by today’s investing environment. That’s pretty understandable when you think about what’s happened in the stock and bond markets over the past 20 years: the 9/11 attacks, the financial crisis of 2007 to 2009 and the COVID-19 panic of March and April 2020. Despite the ups and downs, for example, the S&P 500, an index of the largest and most successful companies in America, has returned 7.51% on an annualized basis between Jan. 1, 2000, and Dec. 31, 2021. (1)
These returns put many who have saved consistently while working in a good position for retirement. However, saving for retirement and spending during retirement are two very different endeavors. That’s because when you save for retirement over many years, you have the time to outlast market volatility and bear markets. You don’t have the same ability during retirement, as you depend on your savings
