Many individuals have retirement savings in place, such as a 401K, 403B, IRA, Bonds, or a similar investment vehicle. Do you monitor the financial markets and feel concerned during downturns? Are you worried about the impact on your savings? Do you wonder how another major event like COVID, the 2008 Housing crisis, or the Dot Com bubble could affect your investments, especially considering your age? Any such event could have significant repercussions on your financial portfolio.
Have you considered how inflation might affect your retirement savings in the future? Let's examine the inflation rate from March 2020 to March 2024.
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If your retirement planning relies solely on stocks, you may have experienced significant declines, as well as substantial growth, but did you ultimately come out ahead? Taking into account losses, inflation, and market recoveries, did your retirement savings actually increase, or are you still lagging behind?
If you are nearing retirement at the age of 60 or older, it may be beneficial to transfer a portion of your savings to a more stable investment plan. We can explore tailored choices that ensure protection from losses while also allowing room for potential growth. Have you included a product in your retirement portfolio that secures your savings?
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