Drawing Income in a Down Market

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Word on the street is that Baby Boomers HATE the word “retirement.” They find other words for it, much in the same way they figured out how not to be called “Grandma” or “Grandpa.” They call it “Rewirement,” or “The Second Chapter,” or even “Vacation.” Regardless of what you want to call it, retirement itself becomes very real for those who are only one to two years out, ESPECIALLY when there is a downturn in the market.
By year-end 2018, the market dropped almost 20%, and advisors were warning investors to be ready for more volatility in 2019. All of the predictions in the world can’t prepare you for how you’ll need to rethink your money once you’ve collected your last paycheck.