Tactical money manager Newfound Research explains why portfolio drawdowns become more damaging as retirement nears and makes the case that baby boomers need a risk managed solution when it comes to investing.
“When we think about retirement specifically, many people’s savings are extremely back-loaded. The years leading up to retirement tend to be when a person has the most earning potential and can put the most money to work in their investment portfolio. As a result, drawdowns that occur closer to retirement can be significantly more devastating than drawdowns that occur earlier in a person’s career.”
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