As you get closer to joining the ranks of retirees, it’s important that your investment portfolio is allocated in a way that combats “sequence of returns” risk.
However, over the last 12 months, the S&P is up more than 4%, the Dow has gained about 1.1%, and the Nasdaq's loss is about 6.1%. While it's impossible to predict where the market will go from here, volatility is expected to continue.
Essentially, a"sequence of returns" risk can have a long-lasting adverse impact on your portfolio. This risk basically is about how the order, or sequence, of your losses or gains over time matters when you are liquidating investments. "It's really important for today's retirees and pre-retirees to understand [that risk] to their nest egg," said Vance Barse, wealth strategist and founder of Your Dedicated Fiduciary, which has offices in San Diego and Prosper, Texas.
"Make sure you have enough cash so you don't have to sell your [investments] to have cash," said David Peterson, head of wealth planning at Fidelity Investments."You don't want to do that in a down market."
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