Article
Your Retirement Income Has An Expiry Date
The order in which investment returns occur during retirement can determine whether your portfolio lasts 30 years or runs dry in 20, even when the average return remains identical. Two retirees starting with the same capital and withdrawal rate may face vastly different outcomes depending solely on whether market downturns strike early or late in their retirement journey. This mathematical reality, known as sequencing risk, represents one of the most underappreciated threats to retirement security.
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