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How Should Your Investment Strategy Change As You Get Closer to Retirement?
Should you try to participate fully in stock market upswings?
Or is it better to minimize losses during market downturns?
This is a complicated question to answer... It really depends how old you are and where you are on your wealth building journey.
But... If you are navigating the retirement risk zone (10 years prior to retiring or the first 5 years of retirement) - then risk management and protecting your capital is the name of the game.
In this video I show you the numbers supporting a more conservative investment strategy as you near retirement.
I hope you find this helpful!
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https://app.thepeakfp.com/ret-vsl
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Disclaimer: Please consult with your own tax, legal and financial advisors for personalized advice.
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