Retirement is a long game, and timing is everything. Individuals face plenty of risks when investing for retirement, such as inflation, market declines, or running out of money. But one that often gets overlooked is a sequence of return risk.
What is a sequence of return risk? It refers to the risk that comes from the order in which your investment returns occur, specifically the risk that comes if the market declines in the early years of retirement. In this episode of Money Script Monday, Luke illustrates how to mitigate return risk with 3 simple steps intended to protect your retirement strategy and the longevity of your investment portfolio.
Resources Provided for This Episode
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