New retirees who are looking forward to relaxation, travel, and time with family may be unpleasantly surprised by the challenges of retirement.
According to Yahoo, this is a precarious time to retire. Not only is there the potential for inflation to continue to rise, but debt and health issues present serious hurdles for older Americans. This means that new retirees face significant challenges in protecting their investments and ensuring their financial security.
How can you keep your investments safe? A few things to try include:
- Pulling back on spending
- Keeping your portfolio diversified
- Staying disciplined with your investments
- Working with a financial advisor
- Making catch-up contributions to retirement accounts
- Working part-time in retirement
The first few years of retirement are crucial, and even the last year before it can make a big difference in your long-term quality of life after the workforce. If you’re looking for more tips and news retirees can use, please bookmark our page.
Help The Seniors Center Protect the Future of Social Security
The Seniors Center is committed to finding solutions to strengthen and protect the Social Security Trust Fund. Social Security is a contract between citizens and the government. Money deposited in the Trust Fund should only be used to pay benefits to eligible recipients.
The Seniors Center is demanding Congress finally put a stop to the careless borrowing and spending by greedy politicians that has put our Trust Fund and our secure retirement in jeopardy.
At The Seniors Center, our goal is to help seniors, and we’re doing that by protecting the future of Social Security. Retirees shouldn’t have to worry about losing their hard-earned benefits to taxes or the agendas of greedy politicians. If you agree, we invite you to sign our petition today! And follow The Seniors Center on Twitter and Facebook for more updates!
