For retirement savers, risk is about more than seeing your investments fall short of a benchmark. Risk manifests differently at various stages in the investment process: Volatility becomes risk when it drives self-defeating behaviors. Drawdown becomes risk when it occurs at a stage in life when recovery is difficult or impossible. Longevitybecomes risk when it’s ignored in the planning and portfolio construction process.
Read more: Changing the Definition of Risk in Retirement Planning | Investopedia https://www.investopedia.com/financial-advisor/changing-definition-risk-retirement-planning/#ixzz5MVM7XF9J
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