Lately, it’s hard to watch the news or go online without seeing two popular buzzwords being tossed about – inflation and recession. Many ask, which one is worse? How worried should I be? Or even – what do they mean and how are they different?
Higher prices at the gas pump, the grocery store, the airport, and many other items affected by today’s high inflation are challenging us to stretch our dollars as far as they can go – and for some, their retirement savings are taking the hit.
Folks often feel overwhelmed by the number of factors we need to consider as we build their retirement plan. It can seem confusing and overwhelming which can easily lead to procrastination.
Inflation can be a retirement killer, but it doesn’t have to be for seniors who take the time to develop a plan for beating it.
Changes in laws can happen at any time and have a dramatic effect on retirement plans. These changes all point to a crucial component of retirement planning – your retirement system is not a once-and-done task.
Confidence in social security benefits has waned recently, for good reason. How big of a hit will your social security take? This week I discuss challenges with social security and how to manage your risk.
Risks that crop up in your later working years or early retirement could have life-changing effects on you. This week I dig deeper on these risks, as well as possible solutions.