Post-Retirement Risk
Categories: Retirement
You used to make $100k a year. You saved a million bucks. And now you're retired. Bora Bora calls for you. So...what do you do?
You invest all of it in Uber after the IPO. And it tanks. So now that mil is worth $300k.
Uh-oh. You don't have enough to retire on. You definitely don't have enough to move to Bora Bora, where a Diet Coke costs 15 bucks.
That's the retirement risk. Lose your money (and your ability to earn $100k or whatever) and you're dead meat, financially speaking