Does Your Investment Portfolio Match Your Goals for Retirement?

The majority of retirement portfolios are created with your specific risk tolerance, time horizon, and investment goals in mind.

With these criteria and calculations aimed at optimizing their portfolio, most investors feel secure in owning a well-diversified portfolio that will help them achieve their long-term financial goals.1

However, as you build your portfolio, it is important to consider your intended retirement lifestyle.

Starting a Business

Many people contemplate using their retirement funds to start a business, but this can be a very risky plan. If you choose to do this, you might want to help compensate for the potential risk you could incur by reducing the overall risk level of your investment portfolio.

You might also want to consider creating a retirement portfolio with an income orientation in order to provide you with income until your new business turns a profit. This will help serve as a buffer during the early stages when your business may not generate income immediately.

Extended Travel

There are numerous reasons to use a professional financial adviser for your retirement. A lot of people choose to travel for extended periods of time during their retirement. If you are planning extended travel, it may be beneficial to consider using a professional financial adviser for your retirement savings. Extended travel may keep you disconnected from current events, so enlisting the help of a professional might be the best course of action.2

Retirement Income

Your retirement income strategy could potentially be impacted by market volatility. A major cause of failed income approaches is excessively draining savings when the value of your portfolio is falling. There are strategies and products that can help protect you from this - if you have questions regarding how to implement these strategies in your investment portfolio, please contact one of our talented financial planners. We would be happy to discuss this in more detail.

Glen D. Smith, CFP®, CRPC®
Chief Executive Officer | Chief Investment Officer | Founder

Investment advice offered through GDS Wealth Management, a registered investment adviser. This blog does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting, or other material considerations. To the extent that the reader has any questions regarding the applicability of any specific issue discussed above to their specific portfolio or situation, prospective investors are encouraged to contact GDS Wealth Management at (469)212-8072 or or consult with the professional adviser of their choosing.

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