First few Article Sentences
In golf, to “take a mulligan” is the act of driving a second ball off the tee after a failed first attempt, a.k.a. “a do-over”.
Wouldn’t it be nice to rewind our investment decisions of the last few years? Unfortunately, that’s not an option in a world where in 2008 average 401(k) plans retirement plan assets were down by -27% and defined benefit plans did little better at a -25%.