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House Democratic leader Hakeem Jeffries kicks off 100 days till midterms with affordability agenda AP News‘Fighting for an affordable America': Hakeem Jeffries unveils closing midterm pitch PoliticoSTATEMENT: House Democrats Place Health Care At The Top Of Their Agenda After Trump And Republicans Raided It For Tax Cuts For The Rich Protect Our CarePress Release: Hakeem Jeffries Discusses Midterm Messaging, Costs and Democratic Strategy on CNN Quiver Quantitative
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‘The Odyssey' earns $87M in its second weekend, Christopher Nolan's best second weekend yet AP News‘The Odyssey' shows how online rage finds a home The Washington PostWeekend Box Office: THE ODYSSEY Sails to Victory Again Boxoffice ProChristopher Nolan has made an Odyssey for our times - by sacrificing the delicious darkness of Homer's epic The Guardian‘T
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Rage-giving, innovation and cuts: How public media has survived without federal funds NPROne year since federal cuts to public broadcasting Spectrum NewsRSU Public TV prepares for future despite funding cuts Claremore Daily ProgressA year after funding cuts, Louisville Public Media endures | Opinion The Courier-Journal
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Bain Capital has agreed to acquire UK vitamins and supplements manufacturer Vitabiotics as the business prepares for its next phase of international expansion.
The post Deal Roundup: Bain Capital agrees Vitabiotics acquisition, Providence backs UK SME comms provider SCG appeared first on AltAssets Private Equity News.
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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."
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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
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