Strategies for Managing Retirement Risks

Abstract

Retirees commonly face four risks that can threaten to derail their retirement: longevity, health care, sequence of returns, and inflation. These risks pose a multifaceted challenge that requires a combination of strategies, such as carefully choosing when to claim Social Security, allocating assets to lifetime income annuities, adopting a systematic withdrawal strategy, and planning for long-term care. This article offers a range of ideas and insights to help retirees achieve a more secure retirement.