Is Inflation a Big Retirement Worry? How to Protect Savings
Concerns about inflation eating into resources or limiting your ability to save sufficiently for retirement are real. Here are four things you can do to cope.
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Concerns about inflation eating into resources or limiting your ability to save sufficiently for retirement are real. Here are four things you can do to cope.
Watching your investment accounts lose ground can be scary, but continuing to contribute despite a down market could potentially be beneficial in the long run.
Retirees and pre-retirees can take steps to combat inflation’s invasion, advises financial expert Bruce Porter, starting with a budget analysis.
To avoid getting hung up unexpectedly, plan for retirement using the “TRICK” method, which stands for taxes, risk tolerance, investment mix, costs and knowledge gaps.
If you had planned on retiring now, or you just retired, you’re probably nervous about the current economic climate. But with the right plan, it shouldn’t hold you back.