Is your financial plan and advisor right for you?

Whether it’s clothes, hobbies, or interests, over the course of your life, you go through things. At some point, the same will be true of your financial plan. You will reach an age where it is no longer appropriate, and the focus of the plan must change due to changing retirement investment strategies.

This shift occurs because your needs differ when you’re younger than they do when you’re nearing or entering retirement. You are younger in accumulation stage Plan for retirement, accumulate as much money as possible and invest it for big gains. Later in life, when priorities and needs change, you come in distribution phase, as these savings become your source of income. At this point, your investment goal becomes preservation, to protect what you have for the rest of your years.

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