Has Bad Economic News in 2022 Hurt Your Retirement Plans?

How the right plan now can get you back on track and reduce the risk going forward.

A black piggybank with a jagged downward arrow on its side that looks like a stock market indicator.
(Image credit: Getty Images)

You know what they say about the best-laid plans going awry, well, with what has been going on in the financial world this year, that’s what has happened to countless retirement plans.

For instance, let’s look at one hypothetical retiree who, until recently, thought she was all set. Our sample investor put off formalizing her plan for retirement income until she began taking Social Security at age 70 and making withdrawals from her rollover IRA. It was December of 2021. Inflation seemed to be reasonably under control; the markets were performing well; and with 50% of her $2 million portfolio invested in bonds it was pretty conservative.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Jerry Golden, Investment Adviser Representative
President, Golden Retirement Advisors Inc.

Jerry Golden is the founder and CEO of Golden Retirement Advisors Inc. He specializes in helping consumers create retirement plans that provide income that cannot be outlived. Find out more at Go2income.com, where consumers can explore all types of income annuity options, anonymously and at no cost.