Avani Ramnani Quoted By CNBC on Stock Market Downturn
By: Francis Financial
January 21, 2021
Avani Ramnani, a Certified Financial Planner™ at Francis Financial was recently been quoted by CNBC about how the recent stock market downturn affect those early in their retirement and how to combat that risk.
“If there’s a big loss in the market and you’re taking withdrawals, you could be taking more from your portfolio than what it can make up for,” said certified financial planner Avani Ramnani, managing director at Francis Financial in New York.
“If that happens early in retirement… the recovery may be very weak and put you in danger of not recovering at all or being lower than where you would have been and therefore jeopardizing your retirement lifestyle,” Ramnani said.
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