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  • Craig Toberman, CFA, CPA, CFP®
  • 06/16/2022

Craig Toberman Featured in CNN Business Discussing How to Retire in a Bear Market

Craig Toberman, the founder of the fee-only financial planning firm Toberman Becker Wealth, recently lent his expertise to CNN Business and their article about how to retire in a bear market.

In “Retiring into a bear market: What to do, what to avoid,” author Jeanne Sahadi talks about the current market downturn and its impact on those who have recently retired or plan to retire in the next two years. The situation isn’t favorable for the recently or soon-to-be-retired, but there are actions to be taken – and avoided – to make your retirement funds last longer despite the bear market. Craig Toberman has a few recommendations.

In the article, Craig states that he recommends his clients “keep… five years’ worth of income in liquid assets. For example, if you have a $1.25 million portfolio and hope to withdraw $50,000 a year in retirement, you’d want to keep $250,000 of it in liquid assets. That’s the money you would draw from during a bear market so you don’t have to sell your stocks at a loss.”

He also suggests going back to work temporarily. “If you were planning to retire in the next year or two, maybe hold off on giving notice until there’s more clarity around whether there will be a recession,” Craig says. “Or if you’ve already retired, and especially if you haven’t set aside a big cash cushion to ride out the stock downturn, consider taking on part-time work to lighten your dependence on your portfolio.”

You can read the full article here.

To gain more of Craig’s retirement planning expertise, please visit the fee-only retirement planning services page.


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Craig Toberman, CFA, CPA, CFP®
Craig Toberman, CFA, CPA, CFP®

Craig Toberman is a Partner at Toberman Becker Wealth – a fee-only, fiduciary financial advisor based in St. Louis. He assists families and businesses with strategic financial planning and long-term wealth management. He has over a decade of experience in financial services and has crafted custom financial plans for hundreds of families and businesses.

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