When it comes to retirement anxiety, itâs best to set aside all those matters that fall outside your ability to manage. You canât change everything. Focus instead on what you can change.
Investors
Therein lies the twist to this tale. Once you cross the threshold of retirement, the anxiety quickly melts away. How can this be?
Right now, those nearing or in retirement must confront the twin troubles of inflation and falling markets. One of these events, however, is worse than the other.
Perhaps 401k plan sponsors should also focus plan participantsâ attention on these 5 overlooked factors the can thwart their ability to attain the freedom of financial independence.
Whatâs the Goal? Last I heard it was preparation for retirement via tax preferred savings ⊠but, looking around at what is typical industry practice, perhaps I have it all wrong.
Learning to budget isnât a single lesson. Itâs a series of lessons that get more advanced as the student progresses.
Because things happened so fast, everyday folks could see in real time how long-term financial systems unfold. In the end, this may have been the greatest lesson of all, and it came courtesy of living in the real-world economic laboratory that was 2020.
Astute fiduciaries understand this danger. They can proactively head off turbulence before the waters get particularly bad.
This is an all too common problem,… Itâs important right now for 401k plan sponsors to urge their service providers to educate employees about it.
Ultimately, if you want to protect yourself and others from making simple mistakes, you must embrace the sin that first birthed those missteps.