🐣 Protect your Post-retirement Nest Egg: 3 Simple Steps

Investing doesn’t stop just because you retire. Here’s how to manage your nest egg after retirement.

Investing postretirement can be much more complex than it was during your career. You’re going from the simple (but not easy) plan of “throw all the money you can into your retirement account” and “invest for the long term” to the much more complicated process called  “Um . . . I think we’re supposed to live on this nest egg somehow?”

The reason why postretirement investing can seem like an entirely different game is because your goals are now different. During your career, you focused on growing your nest egg through contributions and investment returns. While you may have worried about market volatility, you also knew your portfolio had time to bounce back.

Your portfolio doesn’t have to choose between the future and the present. You can manage the risk of losing principal and the risk of losing buying power with the right investment horizons.

After retirement, however, your aim shifts from growth to protection, which can feel like a more complicated objective. The good news is that even though investing is different postretirement, the average retiree can master the new rules.

Read the complete Fast Company article BY Emily Guy Birken: https://www.fastcompany.com/91169211/this-simple-3-step-plan-will-protect-your-post-retirement-nest-egg