Retirement Detour or Speed Bump

Do you know how much money it will take to retire and how much money it will take to stay comfortably retired?  As an investor, it can be tempting to get caught up in daily news headlines. Consider how news about the election and COVID-19 vaccines have moved the markets over the past months.

Investing is a process based on your goals, time horizon, and risk tolerance. It's also a process that may help you prepare for life's financial challenges allowing you to ignore short-term volatility and focus on your long-term goals. 

Did you know that only 44 percent of workers have estimated how much income they would need in retirement? What's more, only 36 percent have calculated how much money they would need to cover healthcare expenses.¹

Creating a financial strategy means thinking about the bigger picture, including various monthly income needs, handling unexpected expenses, and preparing for healthcare costs.

When the markets turn volatile and confusing as they have recently, even the most patient investors may question their retirement program's wisdom and think, is this a  "detour" or "speed bump."  If your plan has been blown sideways, you deserve to hear an objective second opinion. I can help.  Contact me today.

^{1. EBRI.org, April 23, 2020}

^{Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.}

^{The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.}