In the last week the DOW, the S&P, and the NASDAQ have fallen 10 to 11% in value. The value of your retirement portfolio has probably fallen more.
That doesn’t mean that markets move straight up or straight down. In a market correction you can also have up days, sometimes quite large.
What moves markets the most in the short run is psychology, what moves markets the most, in the long run, are fundamentals. After over 30 years of advising clients on their retirement plans and portfolio strategy, I believe that both psychology and fundamentals are turning decidedly negative and we could potentially be heading into another major downturn.
If you are 5 to 10 years from retirement this is the time to protect what you have accumulated over the last 30+ years. You’re not 30 or 40 anymore and you don’t have 20 years to make up for a large loss to your retirement savings. What you do with your portfolio over the next 30 days could affect not only when you retire but the quality of life you can enjoy for 20 to 30 years of retirement. It’s really that big of a deal and it’s not going to go away if you ignore it.
You must make sure that the risk in your portfolio is appropriate for the stage you are at in life.
Our mission as a firm is to help successful couples in their late 50’s to early ’60s to prepare their portfolios and themselves for a stress-free retirement. We do this by helping them transition from high-risk growth to projected growth and future income. At this stage of the game, it’s all about keeping what you have and preparing for a successful retirement.
Our Offer to You
For the next 3 days, on a limited basis, we are scheduling meetings with me personally, during the month of September, to provide you with a complimentary risk analysis and financial plan for your retirement. What this will include is a complete analysis of your current portfolio with respect to risk, potential returns, cost, and most importantly how well your portfolio is set up to meet your unique needs in retirement. We’ll then make specific recommendations to better align your portfolio with your goals.
What to Do
If you are a couple in the Chicago area that is 5 to 10 years from retirement with a portfolio of $500,000 or more excluding real estate, you can schedule a complimentary meeting, risk analysis, and financial plan with me personally by writing with your name and daytime phone to email@example.com or leaving the same information in a message at 800-215-5972. We’ll then call to get you on my calendar to meet within the next 3 weeks.
I look forward to meeting with you personally.