It's not uncommon for people to change their retirement date. COVID is only one reason people are reconsidering their retirement date, and it’s not always a delay. The time to retire, whether earlier than expected or later, is all about preparation.
This period of uncertainty has highlighted what matters most from an investment perspective–especially when preparing for retirement. What kind of investment approach will enable retirees to successfully ride through turbulent periods like we have experienced with COVID-19 with confidence and peace of mind?
54% of baby boomers have little to no savings, according to the Insured Retirement Institute. If that sounds familiar, then you need to start shifting your mindset from wondering why you put off saving to thinking about what will make you the most successful in retirement. Luckily, there are multiple strategies you can employ to help get you started.
