If you’re going to retire within the next 10 years, you need to review your 401(k).
Anthony A. Davidson, Investment Advisor Representative
If you are in your fifties or sixties, chances are your 401(k) is exposing your retirement savings to too much risk.
A majority of your 401(k) assets may be invested in stock funds. That could present a problem in the near future. Bull markets don’t last forever – in fact, this one is pretty long in the tooth – and bonds aren’t the greatest alternative right now.
What if a bear market arrives? Could you stand to lose 10% or 20% of your 401(k) savings on the eve of your retirement?
At a certain point, you need to make conservative choices with the goal of preserving and enhancing your 401(k) balance. Does your 401(k) offer target-date funds? How sensitive are its fixed-income funds to rising interest rates? Does it give you a chance to have a self-directed account, or invest in ways that don’t have much correlation to the stock market?
Before you retire, take a fresh look at your 401(k) and its investment allocations. The more invested you are, the more you have at stake – and when retirement is approaching, you don’t have a lot of time to recover any losses you might suffer in a down market. So please call me or email me today so that we can schedule a time to meet and review your 401(k).
Anthony A. Davidson is a Representative with Securities America, Inc. and Securities America Advisors, Inc., and may be reached at www.wealthhappens.net, 859-245-5880 or Anthony@wealthhappens.net.
Trading instructions sent via e-mail may not be honored. Please contact my office at 859-245-5880 or contact Securities America, Inc. at 800-747-6111 for all buy/sell orders. Please be advised that communications regarding trades in your account are for informational purposes only. You should continue to rely on confirmations and statements received from the custodian(s) of your assets.
Securities offered through Securities America, Inc., member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc., An SEC Registered Investment Advisory Firm. Davidson Financial Services and the Securities America companies are unaffiliated.
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