For example, someone withdrawing 5 % annually from their retirement savings account over five years would need a cumulative gain of 82 % before their savings recovered their value after a 20 % decline.4 Because of the risk of steep downturns, a retirement portfolio should be diversified to reduce the impact of a single asset class performance. (brighthousefinancial.com)
During the recent economic downturn, the Canadian seniors housing market did not experience as steep a downturn as it did in the United States, according to Binions. (nreionline.com)
Yahoo Inc. is parting with its email service and websites devoted to news, finance and sports in addition to its advertising tools under pressure from shareholders fed up with a steep downturn in the company's revenue during the past eight years. (inc.com)