Don’t lose sight of the big picture

During periods of increased market volatility, it can be hard to remain focused on the big picture, especially if you’re planning to retire in a few years. One reminder for clients nearing retirement is that they need income in retirement, not access to their entire portfolio the day they retire.

Keep in mind that your portfolio will need to keep working for you for another 25 or more years to generate the income you need to outpace inflation and rising healthcare costs. Equity investments are the engine that fuels potential growth over time. For investors pursuing long-term goals, a well-diversified portfolio with investments allocated across different asset classes can not only help reduce the risk of a downturn in any one investment or asset class but help produce needed growth to supplement income in retirement.

If you have questions about your current portfolio, please reach out directly.

P.S. If you have any friends or family members you feel would benefit from financial guidance, you can share their information for future financial education emails.

^{A diversified portfolio does not assure a profit or protect against loss in a declining market. Asset allocation is an investment strategy that will not guarantee a profit or protect you from loss. All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.}