Bringing Balance to Your Retirement Portfolio

In our hectic lives, balance is something many of us strive to achieve. From work-life balance to finding balance in your yoga class, we’re all looking for a little more of it.

In terms of planning for the future, have you thought about ways to balance your retirement portfolio? These 3 practical tips will make sure you’re not putting all your financial eggs in one basket:

1

 

Take advantage of employer offered programs. Many employers not only offer retirement savings programs like 401(k)s, but many will match a certain percentage of your contributions. Not participating in this program is like leaving money on the table. It’s important to balance more risky decisions with reliable ones like a retirement savings program.

 

2

Not relying only on Social Security. It’s no secret that Americans are questioning the future of Social Security. The problem, however, is that 2 out of 5 boomers think they will get more money from Social Security than the average monthly payment, according to a recent study conducted by the IALC.  Social Security might not be enough to get you through retirement comfortably, so it’s crucial to remember to supplement with other retirement products.

 

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Look into other balancing options. As you balance the risk in your retirement portfolio, consider a fixed indexed annuity. These products offer low risk, guaranteed income and protection for market ups and downs.

 

 

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