Creating a “Fireproof” Retirement Plan | The Financial Mirror
In 2022, the stock market dropped roughly 20% in the single year. For some, this could begin to make them alter their retirement plan from just a year ago. The question that I have for those individuals is why? Why would the stock market pulling back in a single year alter your decision to retire if that was your plan? So many look at retirement as an age and may have never actually understood what a retirement plan looks like. Today, I want to discuss how to create a fireproof retirement plan that will leave you stress-free for all of your retirement years. If you will take the time to build this plan, you will be on your way to feeling in control of your money and know the moment you can make a hard commitment to retirement.
Article Referenced: https://www.kiplinger.com/retirement/retiring-in-a-slowing-economy
Compound Interest Calculator: https://www.nerdwallet.com/banking/calculator/compound-interest-calculator
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