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While market downturns can be unnerving for any investor, they can be devastating for retirees who have begun spending down investments and must sell depleted shares of stock.
If the market rebounds, those shares are no longer there. A string of bad years early in retirement, called sequence-of-return risk, can devastate a portfolio.
So how to help protect against sequence of return risk?
Barron's magazine, Neil Templin, interviewed Mark Fonville to help contribute to this article: How a Cash Stash Can Help Retirees Keep Peace of Mind, if Not Portfolio