When stocks and home values surged during the pandemic, retirement portfolios boomed, leading at least one early retiree to ask: “Why the hell am I still working?” He was far from alone.
It seems to be going okay for those that retired at the height of a boom, but I’d caution that anyone rocketing past their retirement goal from a market upturn wait a little bit longer, lest you retire right before the market crashes again and incur sequence of returns risk.
It seems to be going okay for those that retired at the height of a boom, but I’d caution that anyone rocketing past their retirement goal from a market upturn wait a little bit longer, lest you retire right before the market crashes again and incur sequence of returns risk.