The average 65 year old has a portfolio that has 55% in equities. Imagine if you had retired just before 2008, when most major stock markets fell more than 40%. Obviously this can be cause for concern. However, a 65 year old couple has a 22% chance that at least one spouse will live to 95, so inflation protection is a must. What to do?
A new study from Vanguard Research looks at the 3 worst bear markets in the US, and how a retiree’s portfolio would have fared under various scenarios. In this week’s Science of Investing, Cameron and host Greg Hebert discuss what this all means for investors, and what you can learn from this. Have a listen.
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