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Approaching Retirement

Just as you may have developed and adhered to a retirement savings plan, it’s wise to design an investment and income distribution plan to keep your assets working for you throughout retirement. Your strategy should provide the potential to weather the markets’ ups and downs, as well as the growth potential to meet your income requirements for the years to come. Legend offers a variety of products and services to help you achieve your financial goals. Your Financial Professional can offer guidance and practical solutions to facilitate the planning process, and help you create a workable strategy so you can relax and feel secure as you prepare for the road ahead.

Investment Options

While some retirees choose conservative fixed income investments in an effort to minimize market risk, this strategy is not ideal for everyone because it may not provide long-term growth potential or a hedge against the impact of inflation and taxes on income. Historically, equities have been one of the best investments to beat inflation and increase wealth. However, past performance is not indicative of future results. Therefore, many retirees find that including both fixed income securities and equities in a diversified portfolio that is designed to reflect their goals and risk tolerance may be a more suitable option. Your investments may include cash equivalents, bonds, stocks, mutual funds and annuities.

Managing Risk

Lessening the effects of volatility may be essential to your investment success. While risk is a natural part of the investment process that cannot be eliminated, several techniques can be employed to help minimize it, including: diversification, asset allocation, active monitoring, periodic reallocations, and professional portfolio management. Spreading your assets among different investment classes may reduce overall volatility in your portfolio. Since different classes typically perform well at various times, diversifying and allocating can allow for the returns from one type of investment to offset the loss from another without compromising growth. Your asset allocation strategy should reflect your time frame, risk tolerance and investment goals. As your retirement years progress, the manner in which your assets are allocated will likely change. And because global economic conditions are constantly changing, it’s important to monitor your investments continually to ensure that your plan remains on track. Oftentimes, sustained market volatility can cause a portfolio to drift further and further away from its target asset allocation mix. Periodic adjustments may be necessary to bring your portfolio back into balance.

Professional Portfolio Management

For investors who lack the time and expertise required to select and maintain an appropriate combination of investments, Legend Advisory Corporation offers professional portfolio management programs. These programs provide built-in diversification, asset allocation techniques, professional investment selection and ongoing investment management through actively managed mutual fund portfolios with objectives that range from conservative to aggressive. The portfolios are monitored regularly and reallocated as deemed necessary in an attempt to capitalize on potential market opportunities and minimize the impact of market downturns.

Work with a Financial Professional

Crafting your investment strategy is a team effort. Let a Legend Group Financial Professional walk you through the process every step of the way. Whether you are a beginner or have experience in the industry, The Legend Group is here for you. Our Financial Professionals have the skills, knowledge and experience to guide you in creating and implementing an effective plan designed to reflect your unique investment goals. He or she will help you determine your risk tolerance, time horizon and investment objectives, as well as choose the appropriate options to help you feel more secure and worry a little less. Your Financial Professional can meet with you periodically to review your needs and discuss any changes in your financial objectives or situation to ensure you remain on track as your plan progresses.

Wherever you are in life… We are here for you. Find your Legend Group Financial Professional today.

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