Sourced from https://www.thesimpledollar.com/how-to-navigate-four-challenges-to-your-retirement/
Retirement planning doesn’t let you just run out the clock; any number of threats can turn a winning plan into a loss.
Unforeseen circumstances are the downfall of any great retirement plan, and they don’t all have to be tragedies. Unexpected deaths can wreak havoc on retirement and estate planning, but so can an unexpectedly long life. Meanwhile, a changing economic climate leaves retirement funds vulnerable to an increased cost of living. So how do you combat these changes?
We talked to Thomas Walsh, a certified financial planner with Palisades Hudson Financial Group in Atlanta, who brought four key retirement threats to our attention. He also laid out strategies for dealing with all four while not deviating too significantly from a retirement plan.
1. Premature death of a spouse
It isn’t something that most people want to think about, but premature death doesn’t only affect estate planning, inheritance, and succession planning (if you … Read More