money management

How Can I Still Prepare for My Retirement in These Uncertain Times?

Thank you, Doris for your amazing question. So… to answer this effectively, the truth is it is important to consider where you are at now in your plan for retirement. If you are under the age of 50 and you have a company 401k, NOW is the time to be extremely aggressive and use Dollar Cost Averaging to your advantage. If you are young, chances are you are going to see many more ups and downs from the market over your lifetime. For someone who is less than 50 years old, this is a very effective strategy because you have time to recover and take advantage of deep sell offs within the market. On the flip side, if you are within 10 years or already in retirement, now you have cause for worry. The stock market is not only asking you to sacrifice your entire life savings, more importantly, it is asking you to sacrifice your TIME.

When you are close to retirement or already retired, most people have a dream. They have family to spend time with (Hello GRANDKIDDOS!), traveling to do, hopes, goals, and dreams that are specific to only them. If you took some time to really consider what life will be like when you don’t HAVE to work… what is one of the LAST things that you would want to worry about? The Stock Market? I would have to agree with you. You are the only one that can change your financial story. With all of this uncertainty boiling in our country and in our economy…. What do you value
more at this stage of your life? Money? Or Time? This is a question I ask every single one of my clients. Because worry and sacrifice and stress is just simply not worth the price tag. Find a Fiduciary to help you navigate your statements and hold the people you pay to help you, with what took you your entire life to accumulate, accountable. This is not the time to stick your head in the sand and wait for
it to be over. NOW is the time to move and ask questions and take massive action without hesitation. Please send comments and questions to