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Sequence of Returns - How It Could Affect Your Retirement Plan
Manage episode 409940250 series 2810299
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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the impact of the sequence of returns on your retirement plan. The sequence of returns is the risk associated with how your money makes or loses money, and it can significantly impact your retirement plan.
Listen in to learn the importance of having income safety and growth buckets to make your retirement smoother and reliable and give yourself peace of mind. You will also learn how the sequence of returns can positively and negatively impact your retirement investments and overall plan.
In this episode, find out:
● The three money buckets to set up your retirement plan to avoid the effects of the sequence of returns.
● Sequence of return – risk associated with the positives and negatives of the sequence of your returns as you get closer to retirement age.
● The most ideal and not-so-ideal ways to walk into retirement and how the latter can affect your retirement plan.
● The importance of having income safety and growth buckets to dramatically reduce the risk of the sequence of your returns.
● Two scenarios to help you understand how the sequence of returns can positively and negatively impact your retirement investments.
Tweetable Quotes:
● “The sequence of return, particularly when we’re close to retirement or already retired, is going to have a significant impact on our withdrawal strategy and ultimately our peace of mind.”- Murs Tariq
● "If you enter your retirement phase amidst a market downturn but refrain from withdrawing funds, you can afford the opportunity for it to rebound, a far less significant impact compared to withdrawing from your account during the downturn."- Radon Stancil
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.
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