2021: Too Soon?

Though things may seem pretty divided now, studies suggest that we can all agree on one thing: 2020 has been really rough. With depression rates almost tripling, it can be tempting to just want to forget about the next few months and look towards 2021. However, is that a wise move?

In this episode, Michael Andersen discusses the good, the bad, and the ugly regarding what could happen over the next three months and how it may affect the economy, the stock markets, and your retirement plans. It’s an episode you don’t want to miss.

And as always, the best way to protect your retirement for anything the future may bring is to implement a retirement plan that’s strong and sturdy. If you’d like help with your retirement plan, please contact Michael today at 410-690-4894.

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caution-at-risk

A lot of people have a fixed income rate once in retirement, but what happens if the cost of living and medical care goes up while your retirement income stays stagnant? In this episode of Wise Money, Michael Andersen provides some of his ideas and tips for building a retirement plan that can support you, even through inflation.

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retired-couple-dining

It’s estimated that a couple will spend about $1,250,000 over the course of their retired life, which comes down to around $100,000 yearly. That’s a lot of change! In this episode of Wise Money, Michael Andersen discusses things that you can do to prepare for this price tag so that even when your income stops, you’re still able to thrive during retirement.

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