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When it comes to planning a more comfortable and secure retirement, a robust and well-balanced investment portfolio is never an asset that should be taken lightly. Relying solely on federal-assistance programs and pension plans in order to provide income after retiring from the workforce may prove to be nothing short of a disaster, especially for retirees who may require additional funds and financial resources in order to enjoy a more comfortable standard of living. Finding and selecting the right investments is something that should be done as early as possible in order to ensure that long-term financial plans are able to be as effective and successful as possible.
Stocks and Short-Term Investments
While stocks are often seen as a more volatile asset, especially when compared to the more stable and secure options that may be found within the bond-market, the opportunity to enjoy greater short-term gains can often be an important one. A standard rule for retirement investing is to create stock-heavy portfolios during the early stages before shifting focus to bonds and other long-term assets. Stocks may allow for greater short-term gains and can be an essential asset when it comes to growing wealth in order to generate more investment capital.
Bonds and Long-Term Assets
While bond-holdings do mature over time, bonds that pay out at set intervals are often an ideal resource for retirees seeking to supplement their income and existing financial holdings over the long-term. Acquiring bonds early on can be of greater potential benefit as long-term bonds are often able to provide superior yields and more lucrative returns. Retirees who are seeking to plan for the future may also be able to benefit from the superior long-term financial security that only the bond market may be able to offer. From the most humble savings account to the largest mutual funds, bonds are not an asset that should go overlooked, especially for those who are interested in finding the best ways to invest in the future.
Real Estate and Property Holdings
While financial markets are vital for constructing an investment portfolio able to generate superior returns or supplement long-term income, there are other markets and opportunities that would be well worth exploring. Selecting a family home that is more likely to appreciate in value over the years or seeking out investment properties may prove to be a very lucrative strategy. Selling even a modest property can often provide the financial resources needed to deal with a variety of long-term expenses. Real estate can often be an asset of tremendous value when it comes to ensuring that long-term financial or retirement planning efforts are met with greater success.
Seeking Professional Assistance
With so many different opportunities and strategies to consider, those who have limited experience dealing with financial matters can quickly find themselves feeling lost or overwhelmed. Working alongside an accountant, financial advisor or other professional can ensure that planning for the future is able to be done with greater ease. Finding and selecting the investments and opportunities that may be needed in order to provide lasting financial security and comfort can be a much easier undertaking for those who have the assistance that only an experienced professional may be able to bring to the table.
We are here to answer any questions you may have as you prepare for retirement or if you have already begun your retirement journey.
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Copyright © 2017 Pennsylvania Wealth Management
Investment Advisory Services offered through Retirement Wealth Advisors, (RWA) a Registered Investment Advisor. Pennsylvania Wealth Management and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.
This information is designed to provide general information on the subjects covered. Pursuant to IRS Circular 230, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Pennsylvania Wealth Management and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.
Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors.
Investment Advisory Services offered through Retirement Wealth Advisors (RWA), a Registered Investment Advisor. Pennsylvania Wealth Management and RWA are not affiliated. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.
This information is designed to provide general information on the subjects covered, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Pennsylvania Wealth Management and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.
Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way, to securities or investment advisory products. Fixed insurance and annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors.
Million Dollar Round Table (“MDRT”) is a membership organization. Qualifying criteria for membership includes attaining specified levels of commissions earned, premiums paid or income earned on the sale of insurance and other financial products. MDRT membership requirements include the payment of annual dues, compliance with ethical standards, and maintaining good standing with an MDRT-approved professional association. The MDRT logo and/or trademarks are property of their respective owners and no endorsement of Jason Bergey or Pennsylvania Wealth Management is stated or implied. MDRT and Retirement Wealth Advisors, Inc. (RWA) are not affiliated.