Here's How to Prevent an Early Market Crash From Destroying Your Retirement
It might seem like a nightmare scenario, but there are ways to work around it.
Overview
If there's one scenario that has the potential to upend your retirement plans, it's a market crash shortly after you've brought your career to a close.
A stock market crash early on in retirement exposes you to sequence-of-returns risk. If you're forced to sell assets early on to cover essential costs, you'll have fewer assets left to regain value once the market recovers.
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Details
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.