There’s no time like a downturn to revisit “sequence of returns” risk, which holds that investment performance is dependent on returns the market generates at the point of retirement. This podcast (6:56) suggests there are unpredictable occasions like the present market crisis, where anything less than a 100 percent assurance that retirees’ expenses are covered, would be calamitous. Learn more about your ad choices. Visit megaphone.fm/adchoices