History has shown that when a long-term view is taken, financial markets – and the stock market in particular – yield a favorable return, regardless of the temporary fluctuations in markets caused by economic pressures or world events.
Two trends make retirement income planning more stressful and complex than ever before: life expectancy is rising, and retiring Baby Boomers want to sustain their lifestyles after they stop working, rather than making significant spending cuts. This means they'll need more income each year for a greater number of years than previous generations.
By Patrick Doherty, CFP®
In this two-part blog series, we will cover 15 key financial planning questions, developed by CERTIFIED FINANCIAL PLANNER™ professionals, that you can ask yourself to measure your current financial strength and stability. This blog post covers the first 7 questions, and the remaining 8 will be answered next week:
In recent months my colleagues and I have spent considerable time talking to clients about what not to do in the face of the recent market volatility: don’t panic and abandon your asset allocation strategy.