021: COVID-19 and What It Means for Your Retirement

After an 11 year bull run, the crisis caused by the COVID-19 has proven to be the real deal from both a health and economic perspective. After over a month of binge watching our favorite TV shows and reading and watching the news, everyone is concerned. There is a lot of weight on our shoulders right now as Americans, and as we oversee financial plans for people transitioning into retirement at this moment, it’s go time. You need a plan to keep you safe, provide you with income, and grow on your terms, and we’re here to help. In today’s podcast, we discuss how this pandemic served as a triggering event to cause a major recession, how not to accidentally become an emotional investor, and what you can do to make sure your financial plan is meeting your unique needs as you prepare for retirement at this tumultuous time. In this podcast interview, you’ll learn: Why it’s so easy to fall prey to the traps of emotional investing - and how to take emotion out of your financial decisions right now. The factors responsible for market volatility - and why the pandemic was a triggering event that ended a long bull run and drastically affected an overpriced market. How to deal with the many unknowns, politically and economically, we’re facing on a daily basis. What you can do to create a plan focused on cash flow and sustainable growth in times of economic downturns. Show Notes To get access to today's show notes, including links to all the resources mentioned, visit TheRetirementTrainer.com/21 How Fit Is Your Retirement Plan?  We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com