Planning for retirement is never a “set it and forget it” task. There are unexpected disasters, market drops, and changing laws that could cause retirees to reevaluate their financial situation. Ultimately, there’s no way to predict everything that will cause market downturns. However, you can prepare yourself for one by having a solid financial strategy in place.
For many high earners, income is not always fixed or predictable. Bonuses, commissions, business revenue, stock-based compensation, and investment income can fluctuate from year to year. This variability creates both
