Don’t Overlook This Retirement Risk

As we approach our retirement years, most of us feel a bit of anxiety. That’s a completely normal way to feel before such a major change in lifestyle and financial status. But right now, with so much of the economy and society in general experiencing so many changes, you might be feeling even more worries than we would normally expect. Just remember that the experts are here to guide you through anything you might be feeling right now. 

On that note, are you worried about the potential for stock market volatility in light of current world events? You’re wise to take note of everything that is going on; you don’t want to be forced to sell assets during a downturn if you don’t have to.

First of all, we always expect the stock market to fluctuate over that. That’s the way it has always worked. But when you were in your thirties, you were socking away money in a retirement fund without so many worries about what would happen over the next year or two. You knew in time things would work out. But now, in your fifties or sixties, you’re getting ready to retire. And dips in the market concern you. You don’t want to retire and start pulling funds from your account when the market is low. 

Yes, short term dips can be scary. But we try to step back and look at the big picture. There are ways to structure your portfolio to account for this problem, so that you pull funds from another source during downturns. That way, you don’t lose the opportunity for larger gains when the market rebounds (as it tends to do). We can help you diversify your holdings into a mix of stocks, bonds, and even cash, so that short-term dips in the market won’t affect you as much. 

The right mix of investments varies according to the individual, based upon your risk tolerance, your desire for long term growth, and even your personal preferences. There is no single prescription for an investment strategy that works perfectly for everyone. But when you sit down with us and discuss your needs and hopes for the future, we can come up with a long term financial strategy that helps you to retire with confidence – no matter what the market is doing at the moment.