Rethinking retirement: Income strategies with less risk and more flexibility paid Impact_Partner
The old approach to retirement planning is becoming obsolete — and that’s a good thing.
, 1 in 3 Americans has absolutely nothing saved for retirement, and a full 66% of Americans have less than $50,000 saved for retirement.Stock market volatility makes it difficult to plan for the future and can be unsettling, knowing one’s investments could take a turn for the worse at any time. Inflation threatens to devalue savings and investment accounts.
For retirees, this is a huge deal. Most people will need nursing care at some point in their retirement — it’s often a matter ofSolid financial planning has to take this reality into account. And there are a wide variety of options available for investors to choose from. Whether you work with an advisor or decide to create your plan on your own, the first step is always setting your goals.
As you plan for your retirement, don’t let yourself be restricted by “the way things have always been done.” There is a wide variety of innovative and valuable financial products that are becoming popular in today’s marketplace. Some of them may be a much better fit for your needs than a traditional investment.
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