{"id":2350,"date":"2021-09-07T16:38:11","date_gmt":"2021-09-07T20:38:11","guid":{"rendered":"https:\/\/www.thewealthguardians.com\/staging\/3023\/?p=2350"},"modified":"2021-09-07T16:38:11","modified_gmt":"2021-09-07T20:38:11","slug":"strategies-to-cope-with-a-retirement-shortfall","status":"publish","type":"post","link":"https:\/\/www.thewealthguardians.com\/staging\/3023\/strategies-to-cope-with-a-retirement-shortfall\/","title":{"rendered":"Strategies to Cope with a Retirement Shortfall"},"content":{"rendered":"

<\/p>\"\"Saving for retirement in today\u2019s economy can be a monumental challenge. This is especially true if you\u2019ve just finished paying for the kids\u2019 college education, weddings, or helped with a first home down payment. There is still a promise of success and a few of these strategies may help to make up a retirement shortfall. During our 4 step meeting process we can assist you in evaluating the value of these actions in your particular situation.\n

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  1. Let\u2019s make sure your assets are performing effectively. We will identify your lowest performing assets and the fees associated with them. Conservative investments like CDs (certificates of deposit) and savings accounts provide safe, reliable sources of income, but probably will not keep up with inflation. On the flip side, assets with increased returns come with greater risks. We have tools to help determine how much (if any) risk you can afford and are willing to take at this time in your life.<\/li>\n
  2. Let\u2019s thoroughly review your retirement budget. In addition to the more common expenses you need to consider future expenses regarding meeting medical expenses, housing costs, and, of course, travel and entertainment.<\/li>\n
  3. Move to a more affordable location. You may free up additional retirement capital by lowering your housing, utility, and insurance costs.<\/li>\n
  4. Do not overlook other resources on your balance sheet. Among these untapped sources could be:\n