We often hear people say that they are good as long as things just keep on moving up and to the right. If only that were the reality.
Of course, if given long enough, that’s what happens. The key part of that statement is “if given long enough.” Recessions happen. When you are accumulating wealth, recessions can be helpful, but in retirement they are not. Recessions generally highlight and bring about the realities of downside risk.
