Wealth management as you are approaching or during retirement is much different than wealth management when you are in the accumulation stage of your life. For instance, while you are accumulating assets, you have the time horizon to wait out a bear market. Asa pre-retiree or retiree, you do not. As we found out in 2008, bear markets can wipe out retirement savings for people who need to withdraw money to live on each month. As you get closer to retirement, you need wealth management that takes advantage of markets, but also protects your assets against market downturns.