Best Retirement Advice for Uncertain Times

Best Retirement Advice - Rebel Retirement

The best retirement advice for uncertain times is to rely on your judgment rather than on commission-driven “retirement experts”, or the advice of people on social media.

Furthermore, retirement decisions based solely on money are like a time bomb waiting to explode.

It’s the best retirement advice at any time, regardless of the uncertainty of the world at this point in history.

From experience, we know that things can and do change without warning. Life is unpredictable.

Needless to say, we are living in uncertain times.

Post-pandemic, baby boomers and retirees face economic instability of unprecedented proportions.

The economy is in shambles and many wonder if they should go forth with their retirement plans.

Many retirees are fraught with fear as they watch their retirement portfolios disappear.

With that said, it’s often easiest to rely on the advice of others during stressful times  –  someone who we think is in a position to know more than we do.

Trust me. Think about it. You are the only one who genuinely cares about your retirement future.

Don’t get me wrong. I’m not suggesting you shouldn’t ask for, or take advice from others – financial or otherwise.

Gathering information from various sources is an essential ingredient of being self-reliant.

Read: What is a Self-Reliant Retiree?

Furthermore, there are many benefits to having a support network of other retirees who have “been there and done that”.

They can help you brainstorm and offer solutions you may not have otherwise examined.

However, there’s a lot of retirement advice being given – it’s enough to make your head swim. And not all of it benefits you.

With that in mind, it’s a good idea to ask yourself the following question.

Who does this benefit?

The average personal financial advisor makes an annual income of around $100,000, according to the U.S. Bureau of Labor Statistics.

That’s an average, meaning some make a good bit less and some earn a lot more.

There’s nothing wrong with that. But that’s not the point.

While I don’t begrudge people earning a living, it’s important to note that financial advisors charge you to plan your retirement.

This is how they earn a living, and it’s often with their best interest in mind, not yours.

You either pay hourly for their advice, or you’re charged a flat fee for bundled services in which they review your financial situation.

Commission-driven advisors may earn even more.  They can be pushy because they earn based on what they sell.  The more they sell, the more they earn.

Therefore, they may be more inclined to sell you something based on, what’s in it for them.

Consider whether or not the service outweighs the cost.

Again, it’s a good idea to ask, “Who does this benefit?”

Your answer should be, “Me”.

Do your own research.

Did you know that 99% of Americans do not use financial advisors? That’s according to a survey done by CNBC.

The respondents considered it expensive to hire a financial planner. They also preferred to handle their own finances.

With so many resources available online, it’s easier than ever before to make informed choices concerning your individual personal retirement plan.

Doing your own research gives you power.

It may take some effort, but with today’s technology,  you’re just a click away from being well-informed.

Your retirement is your business.

Rebel Retiree and I believe in taking charge of our own retirement and hope to inspire you to take charge of yours too.

Therefore, I’m not here to tell you what to do. I simply hope to empower you to think twice before you act out of peer pressure.

I think the best retirement advice I can give is to chart your own course.

Don’t blindly make decisions based on the advice of financial advisors, or people on social media.

It’s your retirement and your money.

It can be challenging to sift through the hype when making decisions about your retirement, but it’s worth it.

Don’t base retirement decisions solely on money.

We all know that we need money to live and pay our bills.

However, you may never retire if you keep waiting for your financial picture to be perfect.

Also, don’t let others scare you into thinking that your self-worth is about how much you’ve saved for retirement.

Your retirement need not be unpleasant if you’ve lost money in the stock market crash or you don’t have enough money in the bank to do all of the things you originally planned.

It will simply be different. Reiterating, life is full of uncertainties.

When you live in that knowledge, you free yourself from the burden of worrying about money.

And who knows? In uncertain times, the dollar may become worthless.

Besides, at the end of the day, it’s often the little things that we value that become priceless.


The best retirement advice during uncertain times is to rely on your own judgment because you are the only one who can truly determine what is the best course of action for you.

Gathering information is essential to being a self-reliant retiree. Yet, it’s important to question who benefits from the advice. The answer should be you.

Life is unpredictable, and we are living in uncertain times.

Essentially, focus on your own retirement planning. And don’t base your retirement decisions solely on money.

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Source. CNBC
Photo by Matheus Bertelli from Pexels

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