With COVID-19, Would 2020 Be A Bad Year To Retire?
You’ve waited years to quit your job. Every month, you’ve piled as much as you could afford into a responsible, diversified portfolio. This year, 2020, was supposed to be your big Hurrah! Then COVID-19 hit.
You’ve worked hard to build your nest egg. But COVID 19’s economic shutdown created several cracks. You could do one of several things: move your money into cash, short-term bonds, gold or inverse ETFs.
Should you leave your portfolio invested in retirement?
Until recently, retirement was all a bit biff bang wallop. You stopped working at a pre-set date, bought an annuity, and spent the rest of your life attending to the garden. I'm exaggerating, but not much. Retirement really was simpler and quicker, back in the day.
Retirees: Does Guaranteed Money For Life Sound Really Tempting?
Assume that my name were John. I croon that, “I really care about you and your family. That’s why I’m offering a special opportunity. If you give me your retirement nest egg, I’ll guarantee monthly payments for life.
How a tiny 1% charge could destroy your retirement plans
There is only the slither of a difference between a comfortable retirement and one that is a bit of a financial struggle. The difference can be as little as 1%. Seriously. It doesn't sound much, does it? That 1% is a tiny figure.