Retirement in 2022 Might Be a Bad Idea — Here’s Why
Considering retirement in 2022? It might be a good idea to think it through. According to an article from The Motley Fool investment website, this may not be the best year to retire. Below are a few of the important points they make.
- Inflation can make it hard to live on retirement income — Economic issues related to the pandemic, political turmoil, and social shifts in America have driven inflation to an extreme.
- Retirement in 2022 may still Suffer from the pandemic — Speaking of the pandemic, Covid-19 is still a real threat. Especially with new varients emerging, it might be a good idea to see how the next year plays out.
- Stability is important right now — Ultimately, it is important to focus on stability in an uncertain future. Retirement is a great thing, however, taking that step too early could be a problem.
Read more from The Motley Fool here.
Retirement is an important decision for everyone. It can also be a difficult one. Making a good decision is important, however, there are some things that are outside of our control. One issue many older Americans struggle with is the fact that Social Security does not go far enough in retirement. We believe that The Greatest Generation Benefits Act is the best way to improve benefits for many seniors. Learn more here.
