Kris Carroll CFA®, CFP®, Managing Director, Carolinas at Wealth Enhancement Group was quoted by Time in an article titled, “A Timeline of the Biggest Stock Market Crashes in U.S. History.”
“For most people, the most devastating bear market is the first bear market after they retire,” according to Kristopher Carroll, Ph.D., CFA, CFP, managing director, Carolinas at Wealth Enhancement Group. “Your financial life has shifted, your focus has shifted, and you have become dependent on your nest egg. The risk of outliving your money is very sensitive to markets in the years right before and after you retire. So if you feel like this bear market is the worst because you just retired, then not only are you not alone, but you’re not wrong either.”
Access the full article authored by Kevin Mercadante here.
