Bloomberg Businessweek

The Perils of Retiring In a Bull Market

Big gains have padded retirement accounts, but the downside risk is larger than ever

Here’s the good news for many people in their 60s and 70s: The long bull market has fattened retirement portfolios. But after such a long rally, we’ll likely see slowing growth or even a sharp decline in the markets. That, combined with increasing life spans, puts recent retirees in “a really unique and dangerous place,” says David Blanchett, head of retirement research at Morningstar Investment Management.

For retirees who take annual withdrawals from savings, a long stretch of below-average

You're reading a preview, sign up to read more.

More from Bloomberg Businessweek

Bloomberg Businessweek2 min read
In Brief
• The U.S. blacklisted Huawei, saying the company assists spying by Beijing. Huawei denies spying for China. The ban threatens the technology giant’s partnerships with suppliers, including Google. The U.S. is considering barring five other tech comp
Bloomberg Businessweek2 min read
Secret Museums
THE OLDEST IS LARGER THAN NINE football fields and was used to distribute Red Cross parcels to prisoners of war across Europe during World War II. The newest demands a retina scan for entry. These are free ports: tax-free, high-tech storage facilitie
Bloomberg Businessweek3 min read
Sun Pharma Looks Beyond Generics
You’d be hard-pressed to find someone who’s lost more during the recent upheaval in the generic drug business than Dilip Shanghvi: He forfeited $17 billion to be precise, plus the title of India’s richest man. After a four-year decline that erased 6