Market Volatility and Your Retirement: Can Timing Alter Your Plans?
By Woody Derricks, President
Partnership Wealth Management
Investors saving for long-term goals can usually overlook short-term market volatility in the interest of long-term gain. But for retirees, who increasingly rely on their investments to fund their living costs, market volatility can mean the difference between living comfortably and just scraping by. In fact, retirees are particularly vulnerable to market downturns, especially in the early years of retirement, because of their dependence on portfolio income, their limited investment horizon and their need to make sure their savings last throughout their retirement.
