Crucial Factors
- The marketplace might agreement along with the overall economy in a probable economic downturn, but there are two techniques retirees can guard the invested price savings they’re living off of, suggests Christine Benz, director of personalized finance and retirement planning at Morningstar.
- One of those defenses is switching the supply of withdrawals — for instance, pulling from income or bonds in its place of shares.
- The second protection is to minimize the overall dollar total retirees withdraw from their investments.
