3 Things to Do if the Stock Market Crashes as Soon as You Retire
It may seem like a nightmare scenario, but there are ways to salvage it.
Overview
Many people spend decades saving money for retirement. So once that stage of life kicks off, it's time to start spending the money you worked hard to sock away. But sometimes, bad timing can get in the way of your retirement plans.
If the stock market experiences a steep decline as soon as you retire, it can threaten the nest egg you worked hard to build and eventually put you at risk of running out of money. It's called sequence-of-returns risk, and it can derail an otherwise solid financial strategy.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.