Many people who retired in 2000 thought they were in great shape: Over the previous 20 years, stocks returned 17.8% on average. Then two ferocious bear markets came rushing in.
In a new study, T. Rowe Price draws this lesson from the last dismal decade: Retirees need to cut spending for about three years after bear markets.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access