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Be Retirement-Ready Now Rather Than Wait
Knowing the game of life helps people manage numbers and money
Preparing for retirement may seem like a distant goal, but steps taken now can make all the difference in securing people’s financial futures.
“Inflation is on everyone’s mind today,” said Jamie Hopkins. “The hard part about inflation is that when you have high inflation early in retirement, it permanently increases the cost of your entire retirement. It is one of the biggest risks that can derail a retirement plan.”
That is just one retirement consideration highlighted by Hopkins, senior vice president of Private Wealth Management at Bryn Mawr Trust, a Wall Street Journal bestselling author and president of the FinServ Foundation.
Good Retirements Owe Their Success to Early Planning
He and financial experts at Experian, a consumer credit reporting company, talked about how to be retirement ready by planning for futures today.
“Retirement is mostly not a numbers or money game, it is a life game,” Hopkins said. “The challenges are more emotional and mental than anything else. We need to learn how to live a new version of life, where meaning won’t come from work.
