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Money Life with Chuck Jaffe featured Income Lab Co-founder, Justin Fitzpatrick on their most recent podcast episode, “See how the market impacts future spending, not just account balance. Justin discusses that while investors and retirement savers are starting to freak out about what the market has done to their portfolio values, they should be considering instead whether recent declines have actually impacted their ability to afford the retirement lifestyle they’re planning.”
Important point:
- Funding your lifestyle is what matters in retirement, Fitzpatrick says, while movements in the market are fleeting and may not have much impact on retirement income.
