Don’t Let Bad Luck Ruin Your Retirement Dreams

When you retire can have a big impact on whether your money will last in retirement, but planning can manage the impact of the markets’ bust cycles.

A pensive-looking older man sits next to a window and looks outside while also holding a smartphone.
(Image credit: Getty Images)

It’s understandable if you’re disturbed by the thought of another market downturn. We’ve all known the feeling of not wanting to open an account statement after a particularly bruising stretch.

But wishing and hoping the market will go up — or at least won’t significantly decline — isn’t going to preserve your nest egg. And if you’re overly stressed about what’s happening to your portfolio day-to-day or month-to-month, it might be a sign that you’re taking on too much risk considering how close you are to retirement.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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David S. Corman
Investment Advisor Representative and President, Generations Retirement Group

As an Investment Advisor Representative and president of Massachusetts-based Generations Retirement Group, David Corman is committed to helping his clients navigate the stumbling blocks that can get in the way of enjoying a fulfilling retirement. The firm is dedicated to all aspects of retirement planning, including Social Security optimization, income planning and investing. David is co-author of the book "Plan Now. Retire Well."