2017 was by all measures a banner year for the markets and the economy. A new year presents opportunity for investors to re-align their portfolios and get a fresh start on planning to ensure their retirement success. Below we have compiled five planning items to consider as you review your retirement strategy to start the new year.
Finding just the right portfolio to help you accomplish your goals can be a daunting task. Fortunately, in 2017 there have been relatively few asset classes in which have not had positive performance. Just about any strategy employed has yielded positive results.
Economic Update by: Robert S. Jeter II, CFP®, CRPC®
U.S employment: Demand vs. Supply The most recent monthly employment report showed Americans are less likely to be laid off than at any point in at least 50 years. For every 10,000 people in the workforce, 66 claimed new unemployment benefits in July. The previous low point, 83 per 10,000, was reached in April 2000, near the height of the tech boom.
Volatility is the price we pay for long-term investment gains, that’s no secret. Our behavior on the other hand is usually what determines how much of those long-term gains we capture. Also, to what extent we are emotionally capable of riding this rollercoaster of volatility. While those are pretty obvious statements, what kind of volatility is considered normal?
Depending on who you ask, the biggest risk to a retiree can be one of many. One of the biggest that seems to be a back of mind item and often the least talked about, is inflation. Inflation is something we all know exists, and have felt and dealt with over the course of our lives. By definition: “a general increase in prices and fall in the purchasing value of money.”