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Retirement Weekly: How to navigate the latest retirement crisis

This post was originally published on this site

If you just retired last year, you were feeling pretty good about things: Stocks kept hitting all-time highs and your portfolio looked as if it could sustain a comfortable lifestyle for years. Or, based on the same set of assumptions, you decided this was the year to finally hang it up and were looking forward to spending time on the people and things you really love.

Oops.

For the third time in the past 20 years, the market has thrown investors, particularly retirees, a wicked curveball. The novel coronavirus and the draconian shutdowns that have come in its wake have sent the economy reeling and stocks plunging—as much as a 34% decline in the S&P 500 from its February 19 all-time closing high.

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