Investors and people planning for retirement in Raleigh North Carolina and the surrounding area are coming to the realization that the historic bull market we’ve experienced since the 2008 financial crisis may be coming to an end.
It is during these market corrections and uncertainty about the future that people turn to their Raleigh North Carolina financial advisor for answers. Often times though, the Raleigh investment advisers they turn to, as well-intentioned they may be, do not necessarily have all the tools and resources that are needed to adapt their client’s portfolios and retirement plans to this new environment.
A Raleigh North Carolina financial advisor who specifically works with people 50 and over must be able to offer his clients more options than simply taking on less risky positions within their stock and bond portfolio.
Since income is the outcome that matters most in retirement, it is important for Raleigh North Carolina Investment Advisors to work with their clients to develop plans that meet their income needs while addressing the risk of negative sequence of return.
One way to minimize the risk of negative sequence of return if you work with Raleigh North Carolina financial advisory who is a fiduciary and receives a flat fee for money management rather than commissions. Additionally, it is important to work with financial advisory who can offer rules-based portfolios with track records of minimizing draw-downs like is the case with the Solomon API Artificial Intelligence Investment Strategy.
Certain types of annuities can help investors lock-in the gains they have and generate a consistent stream of income without giving up control of their principal or worrying that the insurance company will keep any remaining balance when they pass.
There is also a multitude of other types of Investments that people can choose from by converting a portion of their IRA to a self-directed IRA. These Investments are usually not regulated by the SEC but this does not mean that they are necessarily riskier then securities; In fact, some argue that they are less risky. One thing for sure is that they do offer greater diversification which, when properly allocated on non-correlated, lowers the overall risk of your retirement portfolio.
One thing is for sure, even if we finish the year at all-time-highs, Raleigh North Carolina retirees and pre-retirees would be well-served to work with a financial advisor who can help them develop a comprehensive retirement plan that allows them to stop losing money, generate a stream of increasing income, regrow their principal balance, and build in the liquidity they need along the way.
Olympic Golden Retirements, Raleigh NC 