Stock market crashes are painful for all investors – but they are particularly vicious when they hit you at the point of retirement. So when Bank of England deputy governor Sarah Breeden said recently that visions of a collapse are giving her sleepless nights, her words struck fear into the hearts of many would-be retirees.
Retiring into a market slump with a stock market-lined pension pot makes savers vulnerable to a nasty trap known as ‘sequencing risk’ – in simple terms, withdrawing money at a bad time. This can result in large losses that dash retirement dreams and leave savers permanently
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