Keep an Eye on the Market
October 30, 2025
There are many different investment options you may be using to build – and possibly grow – your retirement nest egg. No matter your plans, the most important aspect of managing your accounts and investments is to aim for the goal of having enough to STAY RETIRED once you make the leap.
One way to work toward this goal is to know and manage your acceptable level of risk. If retirement is still well down the road, you could wager more risk in hopes of building a bigger reserve. But if retirement is right around the corner, or if you are already retired, more conservative strategies can help mitigate downturns or losses that would be difficult to recoup.
While keeping an eye on risk, it is also important to consider inflation and new expenses in retirement. This can be addressed by continuing to hold assets in vehicles that have the possibility to maintain your buying power. You could benefit from the help of a professional to figure out where your plan should stand. Investing in a stock or focusing on a 401(k) or IRA could provide more growth. However, this also risks more volatility and possible losses. Conversely, products such as annuities or insurance policies with living benefit can provide more stable, but less liquid access to future income.
Your retirement experience should be unique to your specific wants and needs. Your retirement plan should reflect that. Schedule a meeting to talk to an experienced financial professional to see how you can position your hard earned money to work for you in retirement.