ASSET PROTECTION
MTF is a full spectrum retirement planning and financial services provider specializing in Life Insurance, Life Insurance for Diabetics, Asset Protection, Guaranteed Lifetime Income, Tax-Free Retirement Income, and more.
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Investing in the stock market is always a risk, but that doesn’t stop millions of Americans from doing it every day of the year. During your working years, your focus is generally on accumulating money for retirement. This means contributing to your 401(k), IRAs, employer-sponsored retirement plans, and other investment vehicles. Your investment strategies are typically more aggressive and geared towards growth.
Once you near retirement, your investment strategy will generally transition from an accumulation to a preservation mode. This is the stage where many seniors are now confronted with one of the most difficult parts of retirement: shifting the mindset from amassing wealth to supporting you and your family with it for the remainder of your life. When you’re in your 30s or 40s, you have time to make up for a major loss. The same isn’t true when you’re in your 50s and 60s. Time is precious at that point, and you can’t have your whole plan destroyed when you’re that close to the finish line. You spent your entire life working hard, collecting a paycheck, and adding to your nest egg. Now, your egg is as large as it ever has been, and you need to be strategic about holding onto it.
Any good investor knows the market is cyclical and a sudden drop will eventually rise again, but if a crash happens near or after your retirement age, the amount of time necessary to rebuild those losses might not be available to you. The world is unpredictable, it always has been, and certain moments remind us of that. It’s happened before, and it will happen again. That’s why right now is all about protecting the money you’ve spent a lifetime building.
Always remember Warren Buffett’s two rules of investing:
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Rule Number #1: Never Lose Money
Rule Number #2: Never Forget Rule #1
Of course, you still want some growth in retirement, but don’t risk your life savings with the hopes of gaining a windfall of return in retirement. Would you go to Vegas and put all your life savings on red and see where the roulette wheel lands?
Then why are you doing it with your retirement savings by leaving it all in the market?
Putting too much faith in the stock market, instead of transitioning some of your investments into more low-risk and safe vehicles, can put your retirement plans in serious jeopardy.
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