It’s a tough situation for anyone to figure out. Let’s examine some of the challenges that are facing current retirees. The stock market has been on a roller coaster ride for the past few years, all of the fluctuations are bound to make nervous those who depend on stocks and bonds as part of their portfolio.
The media is constantly warning us about some fiscal crisis or cliff we are going to go over, which makes investors and those who rely on the stocks quite apprehensive about what will come to pass and quite anxious.
Even though retirement can be an exciting time, the current economic climate makes individuals rethink their retirement strategies. They may wish to push back their retirement or to continue working another part time job while retired to think about stretching their dollar further.
Financial planners suggest that retirees know what they want to do with their money, that they take stock of their money prior to retirement, and make decisions about how they want to spend their golden years. There are certain things that individuals can do with their retirement funds and taking stock of all of these choices prior to retirement can make good economic sense. Make sure to take the following steps when planning for retirement.
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