50S RETIREMENT PLANNING For those who didn't seek out that professional financial advisor in their forties, now's the time to start making up for lost time. Get some help to gain perspective on the wisdom of your retirement savings strategies along with the annual tax ramifications of your decisions. This is also a good time to do a stress test on your retirement financial plan. This is a computer simulation that looks at what might happen to various investments you have against possible future financial situations. This tool looks at thousands of scenarios to calculate your risk. None predicted COVID, though. Basically, it determines the probability of success of financial strategies along with providing projections on what you'll have to live on each year after you stop working. 60S and Over: A NEW MINDSET Retirement produces a different mind frame. Priorities shift. People start asking questions about what they want to do with the rest of their life. Today's reality is f orcing individuals to make more serious decisions about retirement because of COVID-19. Some are discovering they can retire earlier than anticipated. This is a time to reassess net worth. Stock markets have been volatile. Real estate has been less 34 NOVEMBER/DECEMBER 2020 TheRoanoker.com