Sequence of returns risk (“SOR”), the risk that markets may go south as retirees begin taking income, is a well-publicized phenomenon. Though, because of its recency, Moshe Milevsky laments that it lacks a true measure or definition. In this report for Jackson he suggests a standardized measure—a sort of Richter scale for SOR that attempts to...Continue Reading

The last five working years and first five in retirement can be fraught with risk for American savers. During this “fragile decade” a bad sequence of returns can have a negative and lasting impact on client portfolios, and threaten the ability to make retirement savings last. For instance, a client who suffers a 33 percent...Continue Reading

Markets reacted terribly to news of the Corona Virus hitting American shores last week. Stocks suffered their largest weekly loss since 2008. Antsy, nervous, excited—whatever you want to call it—folks are on the defensive. Markets are volatile. But where can they, especially retirees, find shelter? Conventional wisdom says that retirees should shoulder less risk by...Continue Reading