Now That You're Retired, Aim to Maximize Your Retirement Income
Those long-awaited golden years have arrived, and you're enjoying a well-deserved retirement. You've saved and invested wisely to provide a financial cushion. Where do you go from here?Factor In Inflation
You may want to start by considering the impact of inflation. With longer life expectancies, the need to finance ongoing living expenses, and the requirement to take annual distributions from retirement accounts, you'll want to be sure your returns exceed the rising cost of living. Even at a moderate 3% rate, inflation can substantially cut the purchasing power of your savings over 20 years. A balanced portfolio of investments to maximize security while building needed profitability may be crucial to your financial well-being. Read more about how to maximize your retirement income.
Contact your financial advisor or the county’s retirement analyst with MissionSquare Retirement for assistance.
Check out ICMA’s Retirement Education Center
for more helpful tips for living well in retirement. Retirees can continue to connect with ICMA’s Retirement Plans Specialist, Habib Mbye. Contact Habib at email@example.com
g, 202-731-0612 or click here to schedule an appointment.
Virginia Retirement System
Did you know that every VRS retiree has a myVRS account? If you’ve never claimed your account, or if you haven’t used myVRS since before you retired, you’re missing out on the convenient services available by logging into myVRS for Retirees at myVRS.varetire.org