Older Americans tend to have less invested in stocks because they move their savings out of higher risk vehicles in their pre-retirement years. This is typically to protect their retirement nest egg since they tend to have less time for recovery. Unfortunately, many Americans are still reeling from losses from the 2008 financial crisis. They are looking at a delayed retirement.
You can take steps to
protect the financial
gains your portfolio
has enjoyed in
2020-2021 and
start preserving
your wealth
for your
retirement lifetime. This may call for a shift in financial focus to strengthen that future lifestyle and a start to evaluating safer retirement vehicles which have a lower risk profile than equities, like annuities and life insurance. It is a good idea to review your portfolio at least once a year to make sure that your portfolio is meeting your goals,
objectives, and expectations.
As you approach retirement, you may want to begin to transfer your portfolio to a more risk-adverse position and realize any financial growth you’ve achieved as the markets make their natural corrections, which is what we are seeing at this point in 2022.
Why is Now the Time to Consider a Financial Shift?