Retirement

Part of the American Dream is to finally retire from your careers and enjoy The Golden Years for many years to come. Unfortunately for many, their dreams of comfortable living, frequent vacations and never ending happiness has not quite materialized as they had dreamed.

There are those who have worked hard together, saved, invested and managed their finances appropriately so they could live those Golden Years as they so rightly deserve, but there are many retirees who have found themselves in unfortunate circumstances.

Life is not easy and many of us struggle from day to day and paycheck to paycheck, trying to do what we can to survive today's challenges. Managing a career, a family and everything life throws at us is enough to make anyone consider walking the plank. Unfortuately, time is not always on our side and retirement tends to quickly creep up on all of us.

One of the most important reasons to invest for your future is inflation. You could stash your extra cash under your mattress or in a treasure chest, but inflation will reduce your purchasing power year after year. The only way to stay ahead of inflation is to invest your money and get returns on your investments above and beyond inflation.

We can debate the justification of the excessive spending our government has embarked on the last few years, but flooding the economy with such high levels of money has no doubt contributed to our current extreme levels of inflation. Regardless of the reasons, the end result is what matters. Our money does not go as far today as it did a year ago. The only way you can beat inflation is by making more money.

If you are retired and on a fixed income, it may seem like you have no options. You are beyond the bulk of your working years and you are either in or quickly approaching your golden years. Properly investing your current funds, however, could help you stay ahead of inflation and quite possibly earn you extra income. Each person's financial situation is quite different from others so no single plan works for everyone. If you are either convinced you have no valid options available or if you would like to explore what options you may have, we strongly recommend you consult a financial advisor.

If you feel your retirement years are approaching quicker than your financial plan, feel free to contact us for a quick, no cost assessment via phone, facetime, Zoom or email.