How Do I Protect My Money in the Current Market?
A question we are repeatedly seeing is “how will current circumstances affect my nest egg and retirement plan?” Thoughts of a possible recession and volatility in the market is creating an unsettling outlook for the future. A fear of loss is replacing a hope for gains in investment strategies. Many find themselves questioning their risk tolerance and seeking alternative options to ensure a steady income stream during retirement.
It’s easy to get caught up in the possibility of high returns. Dreams of an unlimited budget, traveling, and a worry-free lifestyle go hand in hand with the hope of a high return. But, with the possibility of a high return comes a higher level of risk.
One of the best methods we have found to help achieve financial security and steady income during retirement is to implement annuities into your retirement strategy.
Most people would rather have something guaranteed and dependable instead of having a retirement lifestyle dependent on a fluctuating market. Annuities can help shift the risk of market volatility off your shoulders. They enhance your income and manage risk when you need it most. Annuities offer guaranteed income streams while protecting your principal. There are a multitude options when it comes to annuities and finding out which one is best for your specific situation can take time. Do you have some wiggle room for risk in the hope of a higher return? Do you need to take a slow and steady approach? Annuities received a bad rap in the past, but many now are finding them to be a solution in mitigating risk within their portfolio.
A successful strategy that protects your portfolio involves so much more than knowing your options. It requires awareness of your situation and goals and knowing what questions to ask to find the route that best fits you! If you are finding yourself desiring a more dependable portfolio talking to a financial professional is the strategic next step forward.