Unified Trust Blog

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How did you feel during the fourth quarter of 2018 as the global stock markets swooned? The experience should still be fresh in your mind. Did you resist the urge to bail out when you saw the markets dropping like the Roadrunner’s anvil?

A car accident may only cost you about $775 out of pocket while a hurricane or tornado may be 10 times that amount. Your earnings may be more volatile and unpredictable. To safeguard against shortfall, you may need to stash well over six months worth of your income into savings for greater peace of mind.

Having not listened to or learned from the experience and wise counsel of others, sadly it takes many American workers most of their careers before they realize that they are not in position to retire in a way in which they had hoped.

How are your resolutions holding up? Still making time for the gym? Any luck losing weight? A study shows merely 8% of people actually achieve their New Year's goals. It’s your life and you have more than a chance to succeed at achieving your goals, whether it be financial or otherwise.

From a weather stand point, people flock to their local grocery store buying all the bread and milk they possibly can (which I’ve never understood). From an investment perspective, you may be tempted to “get out of the cold” and sell when a market “polar vortex” comes.

Rather than slog away in stressful, high pressure careers well into their 60s, many younger employees are checking out early once they have amassed a comfortable nest egg, then living frugally – extremely frugally in some cases – off annual investment earnings.

Social Security will be there for us, perhaps in a different form or amount, but there. The real question for the retirement plan community is how to use it with pre-retirees in the accumulation and planning phases of their life.

The information presented is the opinion of the author. The author’s opinion is not necessarily shared by Unified Trust Company, N.A. (“Unified”). Data and analysis presented are subject to change due to changing circumstances. Additionally, neither Unified nor the author warrant or guarantee the accuracy of such data or the opinions and analysis derived from such data. Furthermore, neither Unified nor the author is responsible as an expert for what readers do with the information presented. Unified and the author are not responsible for any consequences of republishing the content herein presented on any other website or media without permission. Nothing in the information presented is intended to be a solicitation to take any particular action or refrain from action regarding any investment or other product. Finally, the information presented is solely intended to be educational and informative and is not intended to constitute legal, investment, or financial advice.

 

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