It’s estimated you’ll need at least 80% of your pre-retirement income to live comfortably during retirement. That’s why it is essential your investments – stocks, bonds, mutual funds, income from other sources (perhaps rental property or an inheritance) perform in a way that supports the lifestyle you want.
Our wealth advisors will work with you to create an investment plan that generates income and preserves your capital. Large portfolio losses and having to play “catch up” with our investments in retirement can keep us from doing, having and experiencing the things we want when we retire. A series of poor annual returns early in retirement can have a long-lasting negative impact on a portfolio.
This is why it is vital – based on your time horizon and risk profile – that you have a plan to protect and preserve your wealth from market downturns, and provides a conservative, but meaningful, return on your investments.