This Is 1 of the Biggest Retirement Withdrawal Mistakes You Can Make if You're Worried About Market Volatility
How you handle this could dictate how the rest of your retirement goes.
This Is 1 of the Biggest Retirement Withdrawal Mistakes You Can Make if You're Worried About Market Volatility
Overview
Retirement can be stressful even when your investments are doing well. Volatile markets can turn what was low-level background anxiety into a recipe for sleepless nights. You're worried about draining your savings too quickly, but you also need to sell investments to pay your bills.
How well you navigate a situation like this, especially in the early days of your retirement, depends a lot on your withdrawal strategy. There's no best option, but there's one mistake that will almost certainly cost you.
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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.
