Building a retirement and income plan is a process, not a single test. Each iteration is only a snapshot dependent on the market environment and assumptions used at that moment in time. Planning for retirement is an ongoing exercise that can and should be repeated at least yearly.
Whether you are four decades, four years, or four weeks from retirement, it is beneficial to understand the major risks that can derail a hopeful retiree. Part of laying out a comprehensive retirement plan involves structuring your savings, income, and future legacy in a way that will remain robust through changing market conditions and lifestyle needs.
For younger Americans, the stock market has been presented during the last few years as a supposedly 🍅Certified Fresh 🍅 way to gain a leg up in life. However, in reality, what it has been is a mostly anxiety-inducing roller coaster of gains and losses for most of their adult life.