As retirement approaches, many people review their investment strategy to ensure it aligns with their income needs, risk tolerance, and long-term goals. While there isn't a single approach that works for everyone, retirement often involves balancing growth opportunities with strategies that may help preserve assets and generate income.

Diversification means spreading your investments across different asset classes, such as stocks, bonds, mutual funds, ETFs, and other investments, rather than relying on a single investment. A diversified portfolio cannot eliminate investment risk, but it may help reduce the impact of market volatility over time.

The appropriate level of investment risk depends on factors such as your retirement timeline, income sources, financial goals, and personal comfort with market fluctuations. Many retirees periodically review their portfolios to ensure their investments continue to support their changing needs.Not sure how much investment risk is right for you? Our complimentary Retirement Risk Assessment can help you better understand your comfort level with market fluctuations and how it may align with your retirement goals. It's a helpful starting point before making important investment decisions.

Yes. Retirement doesn't necessarily mean you stop investing. Many retirees continue investing as part of their overall retirement strategy to help support long-term income needs, keep pace with inflation, or preserve assets for future generations. The investment approach may simply evolve as financial priorities change.

Different investment accounts may be taxed differently. Withdrawals from traditional retirement accounts, Roth accounts, taxable investment accounts, and other investments can have different tax implications. Understanding how these accounts work together may help improve tax efficiency throughout retirement.

Many financial professionals recommend reviewing your investment portfolio at least annually or whenever a significant life event occurs, such as retirement, receiving an inheritance, selling a home, or changes in your income or financial goals. Regular reviews can help ensure your investment strategy remains aligned with your overall retirement objectives.