Solutions for the Market Volatility Facing Your Retirement

In this episode of the Retirement Risk Show, Dave Hall dives into the topic of sequence of return risk. But before getting into the details, he shares some eye-opening statistics from the 2023 BlackRock Read on Retirement Report. The report highlights the challenges faced by Americans when it comes to saving for retirement, with many falling short of the recommended savings levels. Dave discusses the impact of a lack of retirement income, recession fears, high inflation, and increased market volatility on people's confidence in their retirement plans. Tune in to learn how understanding and managing sequence of return risk can help you navigate these challenges and secure your financial future in retirement.

Key Takeaways: 

• Lack of retirement income is a major concern for retirees, with only 21% feeling confident about having enough income.
• Recession fears should not stop individuals from planning for retirement. It is important to have strategies in place to weather economic downturns.
• High inflation has impacted many people's ability to save for retirement. However, the host believes that inflation will decrease in the future.
• Increased market volatility is a factor that affects retirement planning and should be considered when creating a strategy for sequence of return risk.

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Read more on the Black Rock Read on Retirement 2023 Survey here