Lesson 45 Investing During Retirement
Investing during retirement is completely different from investing for retirement. Conceptually, at least, it’s easy to structure an accumulation program. But the game changes at retirement. Both economically and psychologically, the stakes get higher. Time is no longer on your side. With no more salary coming in, there is no way to make up for investment mistakes. Risk takes on an entirely new meaning. The pucker factor is up.
Here is how you can put to work the principles you learned earlier to solve this critical problem.
There are no average years in the market. Although over the long haul, the market generates enormous wealth, in the short term, it can get pretty ugly. Be prepared for it.