Most retirement planning asks, “How much savings?” The right question is, “Do I have enough income to retire?”
A Multi-Part Series
The stock market just gave us a reminder of what volatility feels like.
I’m writing on the day following a two-day, 8% plummet in the Dow Jones average. Everyone I talk to asked, “What happened?” “What do I do?” “Will it get worse?”
The most frantic questioners were those who had the largest amount of their savings in stocks, especially the ones who depend on equities to provide them with their retirement cash flow. (Even the Millennials got spooked when their robo-advisors jammed up.)