|
Typhoon Bavi: China evacuates nearly two million people as powerful typhoon makes landfall BBCMore than 1.7 million evacuated as Typhoon Bavi makes landfall in China Al JazeeraTyphoon Bavi Hits China, Causing Evacuations, Floods and Flight Delays The New York TimesSuper Typhoon Bavi Hurls Rare 20-Foot ‘Mega Swell' at Taiwan (Video) SURFER Magazine
|
|
Jannik Sinner and Alexander Zverev meet at Wimbledon, now both major champions. Will that change anything? The New York TimesJannik Sinner v Alexander Zverev: Wimbledon men's singles final - live The GuardianZverev leads Sinner in Wimbledon final ATP Tour‘Good but Not Good Enough' Novak Djokovic Wonders If He Can Win One More Big Trophy WSJThe Preview Day 14 Wimbledon
|
|
Box Office: ‘Moana' Flounders With $43 Million Debut, Among Weakest of Disney's Live-Action Remakes Variety‘Moana' Misfires With $43M U.S. Opening; Looks To Horizon With A- CinemaScore - Sunday Box Office Update Deadline‘Moana' Review: It Doesn't Go Far The New York TimesLive-Action ‘Moana' Underperforms with $42-$46 Mil Opening, ‘Minions & Monsters,' ‘Toy Story 5' Continue B.O. Animation Domination Animation Magazine
|
|
Conor McGregor's UFC return ends after 69 seconds with knee injury: ‘I am beyond dark here' The GuardianMcGregor injures leg on opening kick vs. Holloway at UFC 329 ESPNUFC fighters react to Conor McGregor's disastrous return defeat to Max Holloway at UFC 329 Yahoo SportsConor McGregor suffers early injury in return and loses to Max Holloway at UFC 329 CNNConor McGregor releases statement on UFC 329 loss, denies entering fight with injury: 'I am beyond dark here' CBS Sports
|
|
Typhoon Bavi batters eastern China, threatens days of heavy rain ReutersTyphoon Bavi: China evacuates nearly two million people as powerful typhoon makes landfall BBCTyphoon Bavi weakens to tropical storm as it slams into eastern China Al JazeeraStorm Causes Mass Evacuations, Floods and Flight Disruptions in China The New York Times
|
|
Some believe the boom-bust cycle in memory chips has ended — the market thinks otherwise
|
|
Anyone newly retired or nearly so must feel like they have the worst timing in the world. A portfolio tends to be largest near retirement, just before those savings are about to be drawn down. These days, however, most portfolios have lost value; the S&P 500 is down about 20% so far this year.
The financial industry has a name for this scenario: sequence of return risk. "It matters most at retirement when you're selling assets for income," says Wade Pfau, a professor of retirement income at The American College of Financial Services in King of Prussia, Pa. "You need to sell a larger number of shares to get the same amount of money. Those shares are then gone so even if the market bounces back, your portfolio won't recover as much."
SEE MORE Using Your 401(k) to Delay Getting Social Security and Increase Payments
The newly retired are particularly vulnerable because they're "relying on this pot of money to finance the next 20 to 30 years of their life," says Amit Sinha, head of multi-asset design at Voya Investment Management in New York City.
Sequence of return risk is less of a concern for someone further along in retirement because retirees typically shift to safer, more conservative investments and have fewer years to pay for. Plus, these investors may have benefited from portfolios boosted by strong returns early in retirement.
Similarly, if retirement is a decade or more away, what happens to markets today is mostly irrelevant. "You just allow the compounding to work for you and recover over those years," says Sinha.
Someone retiring now, of course, doesn't have that luxury. If this describes you, there are several things you can do to minimize the damage, but first, assess what it's likely to mean for your portfolio long term.
Depending on how you react now, t
|
|
