“A Lost Decade Is a Very Real Possibility,” Says Ultra-High Net Worth Financial Advisor

Danielle Liverance

Mon, June 1, 2026 astatine 10:44 AM CDT 4 min read

Adam Grossman tells a communicative that has stayed with him since boyhood. "I retrieve erstwhile I was astatine my grandparents' location and this older chap came in," helium said connected Morningstar's The Long View podcast with big Christine Benz. "After helium left, my begetter explained that helium had been my grandfather's accountant. And... thing had gone incorrect with his fiscal plan. And helium had to spell backmost to work... successful his 70s."

That representation became the instauration of however Grossman thinks astir status risk. The existent information is the cruel arithmetic of withdrawing from a portfolio portion markets are falling, a occupation academics telephone sequence-of-returns risk.

Quick Read

• SPDR S&P 500 ETF Trust (SPY) mislaid 13.54% from January 2000 done December 2010 with 2 carnivore markets, forcing retirees with nary currency buffer to merchantability shares into some selloffs. Financial advisor Adam Grossman recommends holding 5-7 years of status withdrawals successful bonds and cash, with 10-year Treasury yields astatine 4.45% offering meaningful existent income opportunities.

• Retirees look sequence-of-returns hazard wherever portfolio withdrawals during marketplace downturns tin derail status plans, and Grossman warns of a imaginable mislaid decennary of level oregon antagonistic banal returns ahead, making a currency and enslaved defence captious earlier markets decline.

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