Retirement Investment Plan
As you transition into retirement, investment planning strategy transitions into risk management! While you were working, you were investing at a higher risk tolerance. You had the ability to take more risk because you had more time. Retirement is an entirely different phase of life, however. It is a fundamental shift in your lifestyle and your money must make that shift with you! Your focus should no longer be on growth, but rather preservation. Have you ever heard the phrase “defense wins championships”? This is not only for sports — but real life, too! This does not mean that your team doesn’t have a successful offense — but only that the defense drives the offense! Have you made the switch from offense to defense? Or are you exposing yourself to more risk than you really need?