The challenge with investing is recognizing a meaningful change in the status quo versus a surprising yet arguably routine change in prices.
Set the record straight when it comes to these four common misunderstandings.
You saved decisively and proactively, invested prudently and accumulated a nest egg you’re proud of. Now, you’re ready to enjoy a retirement filled with freedom, new experiences and fond memories. But even the best-laid plans can go awry. Consider these common blind spots related to retirement savings withdrawals.
Homes are often the most expensive purchases in a person’s life, and a second home – bought just at a time when earnings may be peaking and the sense of wealth is highest – can feel more attainable at an even higher cost. A second opinion to hold against the psychological inertia in this situation is extremely valuable, and can significantly impact retirement options.
Pensions are quickly becoming a thing of the past, and Social Security won’t cover the bills for most retirees. Most of us are relying more and more on investment savings - often held within retirement accounts - to fund the golden years. It is not uncommon for investors to have six and seven-figure nest eggs within these accounts, making it more important than ever to properly manage the assets and plan appropriately for the future.