Retirement Changes the Rules of the Game
When it comes to investing and financial planning during retirement, there's one guiding principle that experts agree on: You can't earn back your nest egg without a steady paycheck. This means that mitigating risk becomes far more important than it may have been in the past.
So how do you know if your portfolio is balanced for your safety, growth and income in a way that will keep you comfortable in the future?
To start, look at the main factors: the sources of your retirement income, the flexibility of your budget and your ability to tolerate risk. If you haven't reviewed those factors since you've retired, chances are that they may have changed and your current plan doesn't accurately reflect your new reality.
There is no perfect formula, however, education and responsible advice can help you to figure out how much risk you can tolerate and then create a portfolio mix that feels comfortable. That's why the team at VIP Financial Associates believes in being truly product agnostic; we match your needs and goals with products and services which will provide you the greatest opportunity for success.
Ready to Book your Discovery Session?
We've made it easy to determine just how prepared you are for retirement with a brief, no-obligation, no-fee discovery session. During our casual meeting, together we will evaluate your current situation, identify your goals and create a plan to help you achieve success.
If you're looking for a cookie-cutter retirement strategy, you won't find that here. The mission of VIP Financial Associates is to provide our clients with knowledge so that they have greater confidence in making financial decisions that are based on truths, and aligned with their values and financial objectives.