Don't Panic, Retirees!

The market may have cracked your nest egg, but here's why you may not have to scramble

Steven Puetzer / Getty

Few events create more havoc with a retirement plan than a steep financial loss immediately preceding or following the date you quit working. Suddenly you have to square 30 years of future expenses with a greatly diminished stockpile of assets. The recent washout has been enough to send some new retirees back to work at least part time and to persuade prospective retirees to put off their plans for a few years. So, yes, times are certifiably tough for this group. I don't mean to discount that. But the news has been so bad lately that every retiree may be fearing...

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