The shift from balance to protection
Before
retirement: consider a balanced portfolio
In the years leading up to retirement, the goal
is likely balance. Keeping with your original plan, and ensuring that your account
balance stays in alignment with your original investment mix.
In retirement, though, the thought process
generally shifts to protecting your retirement money.
In
retirement: consider becoming more conservative
Once you retire, the goal is to make your money
last as long as possible. So now, instead of making sure your investments are in
line with your original plan, participants typically make the shift to a more
conservative investment strategy to reduce the risk of loss.
Investment types, like CDs, money market
accounts, bonds and guaranteed income funds can help protect your money and better
ensure (but not guarantee) your future income will be there. And not be exposed to
the risk a fluctuating market can bring.
Work with a financial professional to learn
about the importance of being a little more conservative and helping protect your
retirement.
Investing involves market
risk and you may lose money. There is no guarantee that an investment’s objectives
will be achieved.