Do you have a retirement planning strategy in place? I believe a comprehensive approach to retirement planning is more than just a 401k, IRA, pension, or other employer-sponsored plan.
A comprehensive retirement plan will take the unexpected into consideration. What would happen if you were injured and unable to work? In the event of the death of a spouse, how would the gap in income be addressed? When insurance planning is included into an overall retirement plan, it can help solve a current need, helps to mitigate risk in the future and provides peace of mind.
Whether you’re 20 or approaching retirement, a conversation with a financial advisor can help you determine where you are, where you want to be, and how to get there. A comprehensive retirement plan can help protect you from loss when markets are down while maximizing growth potential when markets are trending upward. Having a plan in place can be a good way to stay the course as you travel the road to retirement.