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What are things that can threaten my retirement?
by alaaron | September 19, 2006 at 12:01 pm
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Regardless of how well you plan you financial future, several unexpected or expected events can threaten or affect your plan. Consider the following::*
High Inflation - If inflation is higher than you planned for - you may be negatively impacted. Inflation can erode your buying power faster than your income grows from dividends and interest. This risk is significant especially when you consider the already high costs of health care.
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Your family's health - An unexpected illness to yourself or you family can not only cause emotional distress- but it may substantially affect the amount of money available for your retirement. On the good side, you may actually be extremely healthy and underestimate your cash needs.
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