Are You Taking Too Much Risk in Retirement?

Use a two-bucket plan, with a protection bucket and a growth bucket, to protect your nest egg from market volatility so it lasts as long as you need it to.

A quarter sits on the thumb of a man who's about to flip it.
(Image credit: Getty Images)

Everyone knows that most retirees’ biggest fear is running out of money. We typically find that, if someone has saved $1 million, they want $2 million, and if they have saved $2 million, then they want $4 million. Everyone seems to worry about it.

A reason this is a big concern is because of market volatility. This is when your investments, or the money you have worked hard to save over the years to provide for your retirement, loses value. A prime example of this that everyone remembers was the financial crisis in 2008. During this time, the market was down more than 50%. A running joke was that 401(k) accounts had become 201(k)s.

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Joe F. Schmitz Jr., CFP®, ChFC®
Founder and CEO, Peak Retirement Planning

As Founder and CEO of Peak Retirement Planning, Inc., Joe Schmitz Jr. has built a comprehensive retirement planning company focused on helping clients grow and preserve their wealth. Under Joe’s leadership, a team of experienced financial advisers use tax-efficient strategies, investment management, income planning and proactive health care planning to help clients feel confident in their financial future — and the legacy they leave behind. Joe has also written a book, titled I HATE TAXES. You can find Joe on YouTube by clicking here, where he creates educational videos for those in or near retirement. If you would like to talk to Joe’s team, you can schedule a meeting by clicking here.