Check out this video to learn how much risk you should be taking in retirement!
Tony in the Trenches:
Q: “Now that I’m nearing retirement, how much risk should I be taking with my money?”
A: Looking back over the past 20 years, let’s say there is an average of 7% rate of return on an investment. On the surface, that’s pretty good. However, if the Saver is now retired or nearing retirement, we need to understand what risk was like in the not-so-good years!
What is not immediately considered is the timing of taking distributions in a down market. Sometime in that 20 years, the market could have been down 15% or more. There is clear risk here – especially in retirement. While some people may decide to go back to work part-time in retirement, the goal is to live a WorryFree Retirement®! When taking risks with your money in the market, losses are always a possibility.
Think of the stock crash in 2008. Some Savers lost as much as half of their retirement savings. Whereas the Saver can pursue a much safer investment strategy that has little to no risk attached to it. This product only has a 2-3% rate of return; however, it is consistent. You may be thinking, “this is great… but will it be enough?”
That is why I encourage you to contact Tony Walker Financial so that you can sit down with the Owner of the company and receive a written GamePlan. This written GamePlan is specific to each prospective client to help them fulfill their retirement goals.
Risk isn’t always bad; however, it is important to have someone on your side helping you figure out how much risk you are willing to take!
