The Secret Retirement Risk No One Warns About
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There's a major retirement risk that no one warns you about. Even worse is that it's completely out of your control. Once you retire, when you achieve your returns matters, potentially even more than what returns you earn. This is something called sequence of returns risk. It can mean the difference between running out of money in retirement, or having plenty leftover, and it's the order you make returns, not what you make that makes the difference between the two.
Sequence of returns risk can wreck a retirement. Worse - almost no one talks about what the risk actually is. Once you start drawing income from your portfolio - potentially selling assets a time when the market is down has a double barrel impact on your portfolio. Not only are you selling more of an asset to achieve the same dollar of income, because the asset prices are lower - you are selling more of the portfolio itself which means less shares available to rebound when prices recover. This negative snowball rolling downhill can send a retirement balance careening in the wrong direction. Find out how you can look to minimize sequence of returns risk in our video.