Linda Stern has a lot of freelance financial-management articles regurgitated on Reuters & MSN.com. She's no evangelical Scott Burns but I like her writing.
Here's a review of T. Rowe Price's retirement/recession statistics and suggested methods for retiring into one.
Not surprisingly they recommend delaying retirement (if that's an option), staying calm (also optional), deferring or cutting spending, and rebalancing.
Guaranteed bad ideas include blissfully following the fixed Trinity-method 4% SWR (with inflation increases) and going to cash/bonds...
Here's a review of T. Rowe Price's retirement/recession statistics and suggested methods for retiring into one.
Recession-proofing retirement | Money | ReutersThere are about four billion retirement calculators out there, and they all agree on one thing: It's bad when you have to retire into a recession. Folks who start out their non-working years by losing money in the market can fall irretrievably behind.
Not surprisingly they recommend delaying retirement (if that's an option), staying calm (also optional), deferring or cutting spending, and rebalancing.
Guaranteed bad ideas include blissfully following the fixed Trinity-method 4% SWR (with inflation increases) and going to cash/bonds...