Retiring in Risky Times Requires Protection from a Volatile Market and Interest Rates
by Russell Strickler, CFP®, AIF
Jul 28, 2022
2 minutes
We’re starting to hear that ugly “r” word again – recession. It’s not officially here yet, and hopefully it won’t happen, but the possibility is permeating the media.
For those hoping to retire soon, or those who recently did, the word “recession” can cause apprehension. While we aren’t in a 2008-like meltdown situation, when the global financial crisis pushed the U.S. into recession, we deal with numerous negative factors that affect our economy and many retirement plans. These include rising inflation, rising interest rates and the likelihood of higher taxes down the road.
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