Why a Market Crash Will Not Derail Your Plan

A market crash is one of the scariest moments for a retiree. However, history shows that these moments, while scary, do not cause financial ruin.   In our second episode, host Jason Siperstein and co-host Paul McDermott are joined by Justin Fitzpatrick. Justin is co-founder and chief innovation officer of Income Lab, the only firm that provides dynamic—not static—retirement income software. Before co-founding the firm, Justin worked for 10 years in financial services, leading teams in advanced financial planning and portfolio strategy, managing development of financial technology tools, and designing and executing strategies to enter new markets. Before that he spent seven years in academia, teaching at the Massachusetts Institute of Technology (MIT); Harvard University; Queen Mary, University of London; and the University of California, Los Angeles.   Listen to Jason, Paul, and Justin as they discuss the importance of “dynamic” retirement planning.   Key Takeaways: •        Historically quick market crashes have not spelled catastrophe for retirees •        Have a plan for change if markets do worse (or better) than expected •        Retirement unfolds slowly allowing us time to adjust when needed