COVID-19 hit retirees especially hard. 2022 created a perfect storm -- rising interest rates, assets dropping with the market and increasing inflation. That generated a lot of negative emotions like anxiety and fear for many people -- especially retirees, many of whom were forced to retiree before they were ready, and those who depend on Social Security for the majority of their income. But there are ways to move out of this time. One of the most important things you can do right now is get a strategy in place for the next downturn. That way, the next time something happens with the market or in the world, you'll be in the best position possible to survive it. This MarketWatch article covers a few more things you can do to better prepare yourself for the next time things go sideways...
RichLife Advisors is dedicated to being your go-to resource for information needed to make informed decisions about all aspects of retirement. Founder and visionary, Beau Henderson, has dedicated his life to helping others plan for theirs through his many bestselling books, serving as a local and national media resource, hosting educational events, writing regular blogs, and hosting weekly radio and podcast shows.
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