Atlanta Financial Blog
Are you an investor who was planning to retire in the next ten years? Do the current market conditions make you fearful for your future? The recent decline in domestic and global markets has been undeniably rough for investors, especially those nearing retirement. Our 11-year bull market run came to an end in March when all major domestic indices dropped dramatically in one of the swiftest declines into a bear market we have seen. Although the markets have since recovered from those bottoms very significantly, uncertainty abounds due to the ongoing global pandemic. It is only natural to be concerned about how to approach retirement against a background of such uncertainty and volatility.
As a physician, you more than pay for your ability to earn a high income with decades of studying, sweat, sleep deprivation, personal discipline, and of course, money. But simply having the ability to earn a high income doesn’t grant you immunity from financial challenges—especially when your career is just getting started. What exactly do you need to look out for when it comes to your finances? What challenges can you expect to encounter?
While this summer will definitely not be normal, most of us will be reenergized by the boost beautiful, warm weather brings. Various outdoor activities are now actually being encouraged; Marty Makary of the Johns Hopkins School of Public Health said, “The outdoors is not only good for your mental state. It’s also a safer place than indoors.” Makary has an Opinion article in today’s Times, called “How to Reopen America Safely.”
What have you been doing to keep yourself busy throughout the past few weeks? Have you picked up any new hobbies or TV shows? We recently traded ideas within the AFA team to help each other stay busy (and sane!), you can check out what everyone has been doing here!
Nearly two months after “social distancing” and a life in quarantine began, we all are adjusting to new routines and new norms of precaution. Financially, more and more people are wondering what can be done to ensure their families will be ok on the other side of this pandemic.
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