Your financial management journey doesn’t end upon retirement. During your career, you employed investment strategies such as Dollar Cost Averaging (DCA), or investing an equal amount from each paycheck, to help contribute to your retirement assets. However, these same processes that were appropriate during your working years may not necessarily apply in retirement and may no longer help you reach your goals.
Building a steady retirement income that grows with inflation during volatile markets is your challenge.
Market drops will occur during your retirement years and the challenge is that no one knows how long they’ll last. Preparation for these drops is critical and we’ll start as soon as possible with a plan that may include dynamic buffers, asset allocation, and income producing assets. We’ll utilize progressive strategies to help you stay on course during challenging market cycles with the goal of helping you live the successful retirement that you’ve planned for. The examples below illustrate how we might recommend that a client address hypothetical market drop scenarios based on his or her unique situation:
*This hypothetical example is intended for illustrative purposes only and is not indicative of actual market, index, investment, or financial product performance.