The past few years have proved difficult for a large number of investments. Market fluctuations have created holes in gains earned over many years. Fortunately, the help provided by a Sherwood financial advisor can help to restore one's portfolio and make moves toward the right track.
The fact that the past year has also seen attacks on both Medicare and Social security has increased the chances of benefit cuts. A staggering real estate market makes relocation unlikely and older workers face longer times of unemployment. This all adds up to reinforce the fact that retirement will take more planning now than ever before.
One of the positives is that employers must now offer better information concerning expenses of retirement savings plans. Excess fees can cut deeply into one's savings. A difference in fees of as little as one percent adds to thousands of dollars with a modest investment.
Interest rates are low and likely to remain that way through the next year. This may mean it is better to pay off debts than put money into CDs and other low interest types of savings. Debt elimination can offer many times the rate of return on these instruments. Investors can increase their investment income once rates improve.
I order to restore portfolios, workers may be working past their normal age for retirement. Social security has already begun the move to age 67 for full retirement age. The increased life expectancy means workers may work an additional two to five years and still enjoy many years as a healthy retiree.
The past few years have taught investors to expect swings in the stock market. A Sherwood financial advisor provides help for clients to diversify funds so they are able to take advantages of the changes in investing. Most advisors suggest finding an allocation of assets with which one is comfortable and hang tight.
The fact that the past year has also seen attacks on both Medicare and Social security has increased the chances of benefit cuts. A staggering real estate market makes relocation unlikely and older workers face longer times of unemployment. This all adds up to reinforce the fact that retirement will take more planning now than ever before.
One of the positives is that employers must now offer better information concerning expenses of retirement savings plans. Excess fees can cut deeply into one's savings. A difference in fees of as little as one percent adds to thousands of dollars with a modest investment.
Interest rates are low and likely to remain that way through the next year. This may mean it is better to pay off debts than put money into CDs and other low interest types of savings. Debt elimination can offer many times the rate of return on these instruments. Investors can increase their investment income once rates improve.
I order to restore portfolios, workers may be working past their normal age for retirement. Social security has already begun the move to age 67 for full retirement age. The increased life expectancy means workers may work an additional two to five years and still enjoy many years as a healthy retiree.
The past few years have taught investors to expect swings in the stock market. A Sherwood financial advisor provides help for clients to diversify funds so they are able to take advantages of the changes in investing. Most advisors suggest finding an allocation of assets with which one is comfortable and hang tight.
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Find a review of the benefits you get when you consult a financial planner and more information about a reputable Sherwood financial advisor at http://www.robertlettin.com now.
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