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A market downturn (^DJI, ^IXIC, ^GSPC) has been gauged to be one of the biggest financial risks for retirees, according to the Sound Planning Group Inc. Wealth host Brad Smith is joined by Sound Planning Group Inc. CEO and investment advisor representative David Stryzewski for a conversation about retirement investment risks.
"It's that 5 to 10 years in retirement, and that very first part, that is the biggest factor mathematically to being able to distribute without running out of money," Stryzewski says.
Stryzewski also comments on how people could use reverse mortgages to tap into more equity while heading into potential tax cuts in the Trump 2.0 administration.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
This post was written by Luke Carberry Mogan.