The Impact Asset Correlation Can Have On Your Retirement
Most clients and prospects I speak with are familiar with the idea that one should reduce the amount of risk with their investments as they near retirement, which generally speaking, is a true statement. The concept of reducing risk becomes even more important if one is to retire into a declining market. I would categorize a declining market as one similar to what was experienced in the years 2000-2002 and then again in 2007-2009. In my opinion, taking "less risk" could produ