In today's turbulent climate, planning for a financially secure retirement can be quite difficult. With the challenges of a global pandemic along with changes in the market, it's hard to know whether or not you have a secure financial future. Many seniors are adjusting to this new normal. In fact, 55% of workers plan to work in retirement. While you may still want to pursue a job when you're retired, good planning can help you avoid the necessity of having a job.

Have a Long-Term Plan

Retirement planning is a long-term investment. Although you may be nervous about the volatility in the market today, you're going to miss out if you panic and sell when the market takes a dive. As a long-term retirement saver, have the mindset of saving for a period of time. The longer you stay invested and are consistent, the greater your chance of success. Since the average return on investments is about 7%, any drops may make you nervous. However, stick with your plan for long-term success.

Invest When You Can

Although it may be tempting to keep larger sums in your savings or checking accounts, that money isn't going to provide you with any returns. Most people feel safer with cash, but it's not prudent to have more than an emergency fund with 6-9 months of living expenses. The rest should be in investments. For example, a precious metal individual retirement account can provide you with a significant return. However, that money kept in a savings account won't even keep up with the rate of inflation. Your work retirement account is a good place to start. However, you can also look into alternate investment accounts that may have a higher return.

Meet a Financial Advisor

This is a good step to take regardless of where you are in life. However, if you're feeling insecure about the future, take the time to meet with a financial advisor. Even during retirement, it's important to remember that you'll have near-term spending needs and longer-term goals. Don't assume that you're cashing everything out at age 65. With more people living longer lives, you want to ensure that you can maintain your standard of living over time. Talking with your financial advisor can give you an idea of how much money you can safely spend during your retirement years in order to stay on track. This may be difficult to calculate on your own which is why financial planners are a great idea.

Finally, remember that your financial situation is likely going to depend on being smart with your money and making financially prudent decisions over time. Your retirement years should be ones that you enjoy so look for opportunities where you will be able to maximize your enjoyment without hurting your financial future. This advice can help you feel more confident about your retirement future and be prepared regardless of the market.