Should equity exposure really decrease in retirement?

Michael Kitces | Pinnacle Advisory Group | 07 October 2013

Executive summary

For the past 20 years, due to the growing research on safe withdrawal rates, the adoption of Monte Carlo analysis, and just a difficult period of market returns, there has been an increasing awareness of the importance and impact that market volatility can have on a retiree's portfolio. Often dubbed the phenomenon of "sequence risk", retirees are cautioned that they must either spend conservatively, buy guarantees, or othe...