In an ongoing series exclusive to ThinkAdvisor, Joe Elsasser, CFP® and Ron Piccinini, PhD provide readers with two distinct perspectives on the same topic. Check out the most recent installment, "How do you manage sequence of returns risk in retirement planning?" 

In this edition, Joe and Ron discuss how to protect clients from a down market in the crucial early withdrawal years.

Joe's response included:

"There are a variety of ways to manage sequence of returns risk in retirement, and they all start with a reasonable expectation of whether the client is actually at risk or not — and if so, to what extent."

And Ron's response included:

"To manage sequence risk, one has three levers: spending, portfolio risk, and its cousin: portfolio expected returns. Assuming spending is fixed, the management comes down to a delicate (and perhaps fragile) balancing act between portfolio risk and return."


See the full response from both Joe and Ron in ThinkAdvisor.