What Happens If the Sharemarket Crashes Just Before You Retire? (And How to Manage This Sequencing Risk)
Financial AutonomyShow Notes
You've spent decades building your super and retirement is finally within reach. But what if the sharemarket crashes just as you're preparing to stop work? Could you still retire as planned? Would you need to scale back your lifestyle? And could a few bad years in the market affect how long your money lasts? In this episode, Paul Benson explores a retirement risk many people overlook. He reveals why two people with identical savings and investment returns could end up with vastly different outcomes, and what you can do to prepare. Inside this episode: Why the timing of a market downturn matters more as retirement approaches
How two retirees with $1 million could end up with dramatically different balances
When market losses can have lasting consequences for your retirement
Four ways to manage investment risk as you approach retirement
Why playing it too safe with your super could also cost you
PLANNING TO RETIRE IN THE NEXT FEW YEARS? Knowing when you can retire is one thing. Knowing how much you can spend, how to protect your savings and whether your money will last is another. At Guidance Financial Services, we help you turn your super and investments into a personalised retirement plan, so you can retire with confidence and enjoy more of what you've worked for. Explore our retirement planning services.
IN YOUR 30s OR 40s? MAKE YOUR MONEY WORK HARDER. The decisions you make today could have a big impact on when you can retire and the lifestyle you can afford. Our Wealth Builder service helps you make smarter decisions about your super, investments and mortgage, with a personalised plan to build wealth and create more financial freedom. Learn more about Wealth Builder and see how we can help you get ahead.
Visit our website here: https://www.guidancefs.com.au/ and you can also find all our links here.
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UPDATED: This episode was originally published with the wrong episode audio; it has been republished with the correct audio. Thanks for your patience!
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