Inflation hasn’t been a big concern over the last 40+ years. It has returned and was initially termed by many as ‘transitory’ meaning it was expected to be short lived. Anyone who has been to the grocery store, the gas station, paid a utility bill or purchased goods or services for their business is realizing that we are past the short term phase.
When it comes to your important financial goals, such as retirement, it can be unnerving to see the value of your investments rise and fall. What can you do to prepare yourself for times like this? We have a few suggestions that may help you.
Recent stock market volatility rivals or surpasses those of 1987, 2000, 2001, and 2007 to 2009. However, Instead of focusing on what we can’t control, we actively seek out opportunities for our clients.
Between the COVID-19 crisis and other related economic challenges, navigating these ever-changing market variables may have proven difficult. That’s why it’s so important to have a strategy built with flexibility and professional guidance to help your retirement plan stay the course.