WHAT’S GOOD AND WHAT’S NOT
Your portfolio may have grown over the past two years because of market performance.
However, your current allocation may no longer match your risk tolerance or time horizon.
When was the last time you or your advisor stress-tested your investments to understand potential losses and whether you are comfortable with that level of risk?
Many financial experts expect a market correction, but the timing and severity are unknown. That uncertainty makes now a good time to review your investments and determine whether changes are needed.
Those changes may include repositioning your investments, reviewing the fees you pay, and determining whether those costs are appropriate for the value of your account.
You may also want to consider whether you have a buffer to help manage a certain level of market losses. Remember: it is not only what you earn, but what you keep.
What has your advisor explained about how market losses could affect your portfolio and how long it may take to recover? This is known as sequence-of-returns risk.
Take an objective look at your portfolio and your relationship with your advisor. Are you receiving investment advice tailored to your specific needs?
Are you receiving holistic, goal-focused guidance that goes beyond investment management? Fiduciary advice can help simplify complex financial topics and support important retirement decisions, including withdrawal strategies, healthcare expenses, taxes, estate planning, long-term care, and maintaining financial independence.
If not, it may be time for a comprehensive financial review with someone who puts your interests first.