Financial advisers and consequence...

Financial advisers and consequence manufacturers often tout the merits of dollar-cost averaging while accumulating assets. on the same level in bear markets, investors can take comfort in knowing they are buying shares at soft prices that may turn into higher values in the time to come

In retirement, however, management of finances is not as easy as periodic withdrawals--the opposite of dollar-cost averaging. That's because redeeming shares at depressed prices can deplete assets too rapidly. And if that happens at the beginning of a retirement--as is the case for those who retired three years ago-the consequence s can be catastrophic. "A bear market in the