Article published by Kiplinger.com
Written by Pete Tychsen
“If you’re feeling whiplash these days when you check your investment accounts, you’re not alone.”
“Although the stock market has generally climbed higher in the past few years, we all can agree that it’s been a roller-coaster ride — especially for soon-to-be retirees who expect to regularly draw a chunk of their income from a stock-market-heavy portfolio.
“Don’t get me wrong. If the market dips or dives while you’re still working, it’s not fun. But you’re more likely to recover from a big loss — even though it may take a while — because you’re not pulling money out of your accounts and you’re still putting money in.
“A volatile market is far more dangerous when you start to take withdrawals.
“Financial professionals call this potential peril sequence of returns risk, and what it boils down to is this: If negative returns occur in the first years of your retirement, and you need to sell some of your holdings to get the income you require, there’s a good chance you’ll have to sell more shares because you’ll be selling at a lower price. That means you may not have enough shares left in your prematurely drained portfolio to take advantage of positive returns when they occur in the future.
“It’s the timing that matters. And, unfortunately, we can’t predict what the market will do in the years just before and after your retirement date.”
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With a strong background in information technology, Carol is instrumental in building operational policies and strategies that keep the organization functioning smoothly. Carol’s organizational skills and her flexibility to jump from priority to priority along with her commitment to customer service makes her an essential part of the Grimard Financial team. When Carol is not working with the Grimard Financial Family, she is a very creative and accomplished photographer.
Bob has a passion for making your money work hard for you. He takes profound joy in ironing out a plan for a long and comfortable retirement, no matter what your current income or level of wealth. With a work ethic second to none, he has a zeal for transforming uncertainty into stable ways for you to protect your future and your family. He knows that the quality of your life you enjoy today can remain as rewarding—or even better—after retirement.