Ramp Up to Retirement
How an Investment Policy Statement Helps You Manage Market Risk
Key Takeaways
- How an investment policy statement connects your portfolio decisions with retirement income and tax planning needs
- How understanding your personal risk score may help you put market declines into perspective and make more informed investment decisions
- How portfolio diversification can reduce volatility and help keep your investments aligned with long-term goals
- What historical market stress tests reveal about potential losses and your ability to stay invested during declines
- Why checking investment balances too frequently can increase stress and interfere with long-term discipline
Show Notes
If you’re approaching retirement, how much could your investment portfolio decline before you’d start questioning your strategy? Seeing a significant loss on your account statement can be stressful, especially when you’re counting on those investments to support your retirement income.
In this episode of Ramp Up to Retirement, Dan Reese, CFP®, explains how an investment policy statement helps connect portfolio risk with your retirement goals. He explores how risk scores, diversification, and portfolio stress tests can prepare you for market volatility before it happens. Dan also explains why seeing investment changes in dollars can be more meaningful than percentages, how emotional decisions can affect long-term returns, and why a written investment strategy should evolve as your financial needs change.
Resources
Carson Wealth Retirement Readiness Quiz
About the Podcast
You’re nearing your Ramp Up to Retirement, where work will be optional. How do you make the best decisions to set yourself up for success? Tune in to hear from Dan Reese CFP®, Founder, Senior Wealth Advisor at Avery Wealth about the decisions and subtle changes you can make to ensure your retirement is successful!
As you approach life’s next chapter, we’re here to guide you through the intricacies of financial planning. We’ll help you stay focused on what truly matters as you navigate your retirement journey, overcome financial challenges, and leave a lasting legacy.