With all that is going on in the market with the Coronavirus, we have received many requests to give our opinion on how long it will take for a retirement savings to get back to the level it was before the virus took its toll on the market. Understanding that no one can predict what kind of return anyone is receiving on their savings, and knowing that returns are always investor specific, what we can do is provide you below with the mathematical formula for you to apply to your own situation, and under your own assumptions. Concerned you’d need
Financial concerns stemming from the coronavirus outbreak have saturated the thoughts of anyone with a retirement nest egg set aside. The coronavirus has had an undeniable impact on any of us who are in retirement or who are, or were, contemplating it in the near future. Call us, we’re here to offer out some options that can help with your retirement cash flow. We’re always here to help and are standing by for your call.
I found this week’s article full of interesting information, and was drawn to the opening paragraph that I thought to share with you. “As we progress through life, we find there are certain things we can control and others we cannot. However, even with the things we can’t control, we can exercise good judgement based on facts, due diligence, historical patterns and a risk/reward calculation. These strategies play an important role in retirement planning. When it comes to accumulation, spending and protecting your nest egg, financial analysts rely heavily on safety and probability planning strategies.” The author goes on to
This week’s article references how setbacks can affect family decisions, and finances, at every live stage, but it tells you to “Get back on your financial feet even if you’re getting a late start.” We agree. It is sometimes daunting to reestablish financial security after struggles, whether they have been from job downsizing, increased expenses relating to helping out other family members, or unexpected health issues. Regardless, it is important to start again. We’re always here to help, so call us if you’d like to talk about your choices, no matter where you are in your planning. Click Here to