Weekend Reading: 6 Investment Tips That Can Reduce Worry in Retirement

This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
Weekend reading reducing retirement worry Weekend reading reducing retirement worry
Weekend Reading

Whether at or near retirement, there is a solid chance you’ve recently experienced some form of financial concern amidst surging inflation, geopolitical events and general uncertainty of where this economic climate might go next.


It’s a lot to think about, but when it comes to your lifelong savings, you’ll find several ways to ensure you stay the course here, including:

📌 Don’t give in to knee-jerk reactions: Instead of letting mainstream media influence your financial decisions, seek out sound advice from a professional.

📌 Differentiate your money between short-term and long-term: By maintaining a mindset that your hard-earned dollars are separated into two different time frames, you can create a more efficient income-distribution strategy.

📌 Shore up your income streams: Don’t view your retirement income stream as a percentage of withdrawal from your accounts. Instead, think of dedicated resources that will be utilized over varying periods of your retirement, such as a CD, money market fund or bond - all of which are not dependent on the stock market.

📌 Invest in quality companies for the long-term: You want your money to grow over long stretches of time, and that steady growth can stem from financial vehicles such as equities.

📌 Focus on being tax-efficient: Allocating your money into three buckets (tax-free, tax-deferred, taxable) is one primary way to remain tax-efficient.

📌 Let integrated planning help you make sound decisions: A truly comprehensive retirement plan weaves all of the important factors together. At Howard Bailey, that’s what we call your L.I.F.E. Plan.

Small strides for big results: Simply by taking action, you can reduce anxiety. It’s not about making major changes, but little tweaks to increase the understanding of your overall strategy.