Putting Your Nest Egg in 3 Baskets

This week, Craig Siminski, of CMS Retirement Income Planning, shares an article  showing how understanding sequence-of-returns risk could help you develop a three-prong distribution strategy for retirement:

“You can’t time the market” is an old maxim, but you also might say, “You can’t always time retirement.” Only 46% of current retirees say they retired when planned, while 48% retired earlier than expected.

Taken together, these two uncertainty factors suggest that it would be wise to prepare for the possibility that you might retire during a market downturn. You’re fortunate if you retire during a market upswing.

Sequence Risk

The risk of experiencing poor investment performance at the wrong time is called sequence risk or sequence-of-returns risk. All investments are subject to market fluctuation, risk, and loss of principal — and you can expect the market to rise and fall throughout your retirement.

However, market losses on the front end of retirement could have an outsize effect on the…

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Craig Siminski is a CERTIFIED FINANCIAL PLANNER™ professional, with more than 22 years of experience. His goal is to provide families, business owners, and their employees with assistance in building their financial freedom.

Please let Craig know that the Green Bay News Network Sent You.

CMS Retirement Income Planning

Craig Siminski is a Retirement Income Planner professional with twenty two years of experience. His goal is to help ensure his clients will have enough income to maintain their dignity and independence in retirement.

Craig is committed to designing and implementing financial strategies that focus on his clients’ needs.  He seeks to be a lifetime resource for each and every client.

Give him a call at 920-569-8363 or email him at csiminski@equitydesigngroup.com and tell him the Green Bay News Network sent you!