3 Steps to Prepare for Retiring in a Slow Economy

3 Steps to Prepare for Retiring in a Slow Economy

People considering retirement in the near future, as well as early retirees, will likely need to navigate some choppy waters during these times. HAS slumping stock markethas slow economy and a Federal Reserve that has reported further increases in interest rates to combat inflation require retirees to make smart decisions to avoid jeopardizing a successful retirement.

That’s where a well-thought-out financial plan can help make a comfortable retirement possible – even during a tough economy. When speaking with recent retirees or people who are considering retiring soon, here are three actions I generally recommend to help them navigate this major life transition.

1. Examine Your Spending History.

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