Does Your Retirement Have 23 Years to Recover from a -68% Drop in Stock Prices?
Looking back to the early 1900s, stock prices from peak to trough fall -68% on average and take twenty-three years, on average, to recover their Bear-market losses. For most retirees in their mid-sixties, losing more than half their money is a recipe for financial disaster. Tacking on an additional twenty years to recover, assuming no … Read more