FYI: For each year in which a bull market persists, workers become likelier to retire. But those who leave the workforce now—the ninth year of the longest U.S. bull market—are potentially setting themselves up for a tough stretch that could test their portfolio’s long-term resilience.
Why? When the stock market becomes historically expensive, as some metrics suggest it is today, research shows it’s often a harbinger of below-average future returns. This can be especially painful for retirees with long life expectancies because withdrawals combined with poor returns will leave less in an account to compound over decades.
Regards,
Ted
https://www.wsj.com/articles/retiring-soon-plan-for-market-downturns-1537522201?tesla=y
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