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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
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Your share of the AI wealth is a right — not a handout. Here is how we claw back our money.
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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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