Watch your spending, and try to avoid a knee-jerk reaction
Retirees have to watch their spending, especially after the Federal Reserve’s latest rate hike announced on Wednesday.
The news may seem unsettling for retirees, in particular, many of whom are living on fixed incomes. Increasing the federal-funds rate is the Federal Reserve’s attempt to combat inflation, but many Americans are trying to do that themselves – while also handling the stresses of market volatility.
Also see: Ray Dalio says stocks, bonds have further to fall, sees U.S. recession arriving in 2023 or 2024 Now is the time for anyone in or near retirement to consider multiple streams of income if they haven’t already. For some Americans, that may simply be a retirement portfolio and Social Security benefits. For others, it could be a pension, or an annuity, alongside personal retirement savings.
Norge Siste Nytt, Norge Overskrifter
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The Fed raised rates — retirees and near-retirees should do thisWatch your spending, and try to avoid a knee-jerk reaction
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