Retirement planning has become more challenging recently. Many Americans have had to reevaluate their retirement plans as a result of the COVID-19 pandemic, soaring inflation, and a falling stock and bond market. Those who anticipate retiring soon are most affected by a falling stock market.
These plans were severely thrown off course by the steep decrease in their portfolios, prompting experts to warn that 2022 has been a risky year to retire. The “sequence of returns” risk was what made these retirees vulnerable.
You face a bigger chance of running out of money later in life if you withdraw money from a portfolio in the early years of retirement when its value has drastically dropped. Read the infographic below to grasp a better understanding on retirement planning and the latest trends.
Source: https://www.alliedintegratedwealth.com/blog/retirement-planning-facts-and-trends/
Embed This Image On Your Site (copy code below):
