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SEQUENCE OF RETURNS RISK IS THE SILENT RETIREMENT KILLER:
Two retirees both earn the same 7% average return.
One has good years early, bad years later.
The other has bad years early, good years later.
The first retires comfortably.
The second runs out of money 10 years early.
Why?
Because withdrawals during early downturns magnify losses.
This is why you don’t just need a “portfolio.”
You need a withdrawal strategy and a buffer to cover bad years.