IMCV - Retirement Plans For Reappraisal As Asset Prices Fall

• The aging population drove a steady rise in retirees over the past decade. The pandemic accelerated this with a surge in those opting to retire sooner than previously expected.
• After two years of debt-addition and extreme price inflation in homes and corporate securities (equities and debt), households are now more risk-exposed than at any time in decades, just as the downcycle itself is poised to be larger and longer than average.
• Unfortunately, value-indiscriminate buying and passive holding on the way up lead to value-indiscriminate liquidation after bubbles burst. It’s often only then that people realize the lasting ramifications of their losses.

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