Retiring During Market Uncertainty
On this week’s episode of Better Money Boston on WCVB Channel 5, Nicholas J. Colantuono, CFP® discusses navigating a volatile market during uncertain times, geopolitical pressures, and a rise in inflation.
A lot of people are nervous because they don’t have a retirement plan. There are three fundamental things that go into having that plan:
Safety Net
Have a ‘Safety Net’ containing 3-6 months of cash reserves on-hand, so that you will not have to dip into investments in the case of an emergency.
Risk Tolerance
Reexamine your risk tolerance. It’s important to assess the level you are comfortable with, the level you are at currently, and your expectations of growth.
Control
Focus on what you can control. Have certain expectations in place concerning how hard your money is working for you and where you will go to get money.
Information presented in our podcasts is considered current as of the created date. Over time, some information presented may become stale. We recommend you consult with your Financial Professional before making any changes based on information contained here.
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