Taking Retirement Withdrawals in a Declining Market

"Taking Retirement Withdrawals in a Declining Market." Insights from Vineyard Global Advisors Chief Executive Officer Clark Richard.

Brian O'Connell, author at US News, reached out to Vineyard Global Advisors Chief Executive Officer Clark Richard for best practices for taking retirement distributions while the market is down.

Retirees sometimes have to take withdrawals from retirement accounts for unexpected household and medical expenses and to generate cash flow. Although conventional wisdom suggests leaving the money alone during down markets, it is sometimes unavoidable. Here are some strategies to navigate withdrawals to minimize the impact on your long-term portfolio.

This Article Explores...

Why Taking the Emotion out of Your Withdrawal Decisions is Essential

Moving large sums of cash in a down market incurs losses and often creates costly re-entry once markets have already begun to rebound. Taking your time and looking for ways to economize in other areas like travel and vacation expenses, luxury items, and dinners out can help mitigate the amount of money you pull out of the market, helping to preserve your gains.

How a 3-Tiered Retirement Withdrawal Strategy Can Help Minimize Losses.

Dividing your portfolio into three segments based on when you need funds can help preserve wealth and provide income when you need it most. For example, putting 10% of your overall retirement savings into a liquid portfolio for a 3-year time frame, another 11% into a mezzanine portfolio for a 4-7 year timeline, and the remainder into a legacy portfolio can create a balanced scenario where you have the cash you need while preserving equity over the long term.

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Author: Brian O'Connell , US News

Guest Contributor: Clark Richard, Vineyard Global Advisors Chief Executive Officer

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Taking Retirement Withdrawals in a Declining Market