Saving for retirement is an important task, but planning it out can be tough. Today, we are going to be talking about retirement income and planning, which is something we focus on at Pyle Financial Services.
If you are about to retire or are already retired, the tips we share today are going to help you in the areas of retirement income, concerns about retirement, and working towards having peace of mind about your overall retirement plan.
One of the biggest problems retirees face today is low interest rates. Not getting income or a very low rate of income in bonds has caused retirees to have to get comfortable moving out of the bond asset class into other investments.
When I ask retirees what their greatest fear is, they most often respond with an answer like, "outliving my money."As a retiree, you have to know and plan for your risk factors. There are different asset classes out there, but in the planning world, everything cycles. The "set it and forget it" mentality can be dangerous. You need a financial professional to look out for your interests and understand the risks you are willing to take so your asset class lines up accordingly.
If you find yourself watching your investments like a hawk in the media, do yourself a favor and stop. It does you no good to listen to the noise of what the media has to say about the financial world. Find a trusted adviser who can give you the facts that you can trust.
If you have any questions for us, be sure to give us a call or send us a quick email. We would be glad to help out!
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