Now more than ever, people are realizing the importance of a long-term financial plan. Things can threaten your plan seemingly out of nowhere. A year ago, inflation was hardly a topic of concern, but looking at today’s market has a lot of us worried about the future. As a way to combat rising inflation, the Fed is looking to raise interest rates which could impact our portfolios even more. So, how do we protect our wallets and ensure our shock proof our retirement plan?
If you’re getting close to retirement, we want to insulate you from as much risk as possible. You must have a plan, that we stick to and execute. On today’s episode, we’ll breakdown the core pillars of a shock proof retirement plan and how we can invest with a purpose.
Redefining Wealth® Inflation Guide: https://redefiningwealth.info/schedule/
Rate, Review and Subscribe to the Podcast:
https://podcasts.apple.com/us/podcast/retirement-talk-podcast-with-laura-stover/id571347188
How to Connect:
Schedule a Review: https://redefiningwealth.info/schedule/
Timestamps (show notes):
1:21 – Inflation isn’t getting any better
5:46 – Having a plan and sticking to it
10:00 – Investing with a purpose
15:21 – Conservative investors
18:04 – Keeping investor emotions in check
20:22 – Making sure we have guaranteed income
26:29 – Planning for an unexpected shock
30:30 – Having a comprehensive plan
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