Before retirement: consider a balanced portfolio
In the years leading up to retirement, you likely created an investment mix that focused on growth, which could help you reach the financial goals you set for your retirement.
As you near and reach retirement, the thought process generally shifts away from growth and to protecting your money.
In retirement: consider taking on less investment risk
Once you retire, the goal is to make your money last as long as possible. So now, instead of making sure your investments are in line with your original plan, participants typically make the shift to a more conservative investment strategy to reduce the risk of loss.
Work with a financial professional to determine some conservative investment strategies that can help protect your retirement income during market volatility.
More life stagesI'm just getting started | I've been saving & investing | I'm about to retire | I'm retired
Investing involves market risk and you may lose money. There is no guarantee that an investment’s objectives will be achieved.