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“Can I Still Afford to Retire Now?” Yes, and Here’s How.

By Michelle Muhammed, CFP

Amid surging inflation, rising interest rates, and the sharp declines in both stock and bonds, many clients are asking, “Can I still afford to retire now?”

The most accurate answer is: It depends. It depends on whether you’ve established a clear set of goals and on whether you and your financial planner have developed a sound financial plan and strategy to reach them. Most importantly in today’s climate, it depends on whether you’ve been following that strategy, adapting, and updating it as needed.