The Emotional Impact of Market Downturn on Retirees

New retirees often feel like cowboys until the market goes down in their first year of retirement and they experience an overwhelming emotional response. While working, they may not worry about market fluctuations because they can continue to save and invest. However, once retired, they do not have the same financial security and a market downturn can have a significant impact on their income. By planning ahead and utilizing a glide path and flexible options, retirees can better prepare for any financial challenges they may face during retirement.