Market ups and downs can keep retirees on edge, worried about potentially big losses from which they may never be able to recover.
And those worries aren’t necessarily misguided. From 1928 through March 2022, there have been 26 bear markets. A bear market is a market decline greater than 20% that lasts at least two months. The average bear market decline since 1928 has been 35.62%, so the potential for big losses is real.
