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Retirement Income

Can you rid yourself of 2020’s financial stress as we head into 2021?

2020 has been a tough year for nearly everyone, and that may be especially true for retirees and those nearing retirement who suddenly are worried about whether their careful planning and years of saving could be upended by events beyond their control.

After all, retirement is supposed to be a pleasurable and satisfying time when you kick back and enjoy the fruits of all those decades of labor. That’s difficult to do if you’re jittery about a volatile stock market, or you fret over every expenditure because you aren’t sure whether your savings can go the distance in a lengthy retirement.

As this year draws to a close, and we look toward 2021, plenty of people still have worries. For them – and maybe for you – the future is uncertain. But frankly, the future is always uncertain, and worrying about your finances without taking charge of your situation does no one any good.

So, if you’re already in retirement or plan to be there soon, how can you reduce some of that financial stress that’s weighing you down in these tumultuous times? Let me offer a few ideas:

Remember, though, that if your unsteady financial situation is getting the better of you, you don’t have to go it alone. Find an experienced financial professional who can help you develop a plan that can potentially ease at least some of your worries.

It’s possible to get back on track financially – and, hopefully, set aside those concerns that could mar your enjoyment of life in retirement.

Written by Alan Becker, president and CEO of Retirement Solutions Group and author of Return on Investment or Reliability of Income? The True Meaning of ROI in Retirement. 

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Alan Becker, Retirement income, finance, financial advice, advice