Retirement planning can be a complex puzzle to solve, with multiple pieces that need to align for a comfortable retirement.
In recent times, two significant factors have emerged to challenge this balance: rising interest rates and inflation. In this article, we’ll discuss the impact of these economic realities on retirement planning for individuals and the strategies we recommend at Retirement Planners of America.
The debt-free retirement goal
At Retirement Planners of America, we tell our clients, “When our client retires, so should their debt be retired.” We work hard with our clients in pursuit of getting them there by creating a Retirement Cashflow Plan (RCFP), which is a living document that we review twice a year to help reach that goal. If that can be achieved, to a great degree, you’ve mitigated your exposure to interest rates.