Many investors could rely on interest income in retirement in days gone by. The adage that retirees lived by was “Never touch the principal.” Unfortunately, while double-digit interest rates provided a healthy income, today’s lower rates may not, especially when combined with longer, healthier lifespans.
That makes a modern portfolio strategy that is allocated the right way more important than ever. Your retirement strategy needs to give you enough growth to fight back against inflation while, at the same time, not taking on too much risk in uncertain markets.
If your net worth is at least $1 million (not including the value of your home), you may be missing more progressive strategies available to you. The details of your personal situation make a significant difference, so asking the right questions and getting professional advice is critical to making the most of potential opportunities.
Fundamental questions to ask about my portfolio include:
- Do I understand my portfolio’s risks now and in the near term?
- Have I found a balance between my needs now and in the future?
- Am I keeping an eye on the serious risks that could hurt my portfolio?
- Am I taking advantage of all the opportunities available to me as an investor?
- Have I consulted a financial professional on whether my portfolio has the right mix of assets?
At Semmax, we can identify any gaps you might have in your portfolio, as well as leverage potentially uncovered opportunities. We have a CERTIFIED FINANCIAL PLANNER® that can take your unknowns, and help you hedge against the risks you face, whether they’re obvious to you right now or not.
The information contained herein is for educational purposes only. It is not intended to provide, and should not be relied on for, any tax, legal or investment advice. You are advised to seek the advice of a qualified professional prior to making any decision based on any specific information contained herein.
Insurance Products guarantees are subject to the financial strength and claims‐paying ability of the issuing company, and may be subject to restrictions, limitations or early withdrawal fees. Annuities are not FDIC insured.
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