The last few months have introduced a lot of new situations into the economy, healthcare and social life. It’s hard to know when it’s time to make changes, and when a change could be the wrong move.
When it comes to your retirement, uncertain times can make you wonder if it’s time to reassess your strategy. Especially if your goal is to retire in the next 10 years.
In most cases, the best plan of action may be no change at all. If you’re concerned about your retirement, here are a few things to ponder:
- Realize that downturns in the market are normal and part of a cyclical pattern.
- Instead of changing your investments, consider changes you can make to your spending.
- Consider working a little longer to meet your retirement goals. Are there changes you can make in your current career or job role that would help you enjoy a few extra years on the job?
As an independent firm, our team at Lawson Kroeker can consider what investments make sense for the longer term, rather than for the next reporting period. Let’s talk today.