Strategies to Protect Your Wealth and Assets
During your working years, you will utilize growth-oriented financial strategies to accumulate and grow your savings as much as possible. With retirement many years away, you have the time to ride out potential market downturns.
As retirement nears, you lose the luxury of time. If you’re still investing and a major market correction occurs, you could be forced to sell an increasingly larger share of your investments to generate income. Do this too many times and you run the risk of destroying your savings and instead of thriving in retirement, you’re left with living in a less than comfortable retirement.
With all this in mind, it makes sense to reduce your risk exposure. The plain and simple truth is that anyone nearing retirement simply should not risk riding out a major stock market correction.
Those with the ability to withstand some market risk can remain invested in the stock market. These retirees can benefit from dividend-paying stocks that can generate ongoing income in retirement.
Asset Protection and Evergreen Income
At Pinehurst Wealth, we specialize in helping you create the right strategy for you to preserve your wealth so you can use it as a source of Evergreen Income.
In our initial meeting with you, we will create a financial risk management plan to help ensure that the level of risk you are exposed to is appropriate for your current stage in life.
Are you confident in your asset protection?
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