It's hard not to get caught up in how financial markets perform — after all, record highs and lows make headlines. But if you're repeatedly keeping tabs on your retirement account balance, it could be time for a risk tolerance reality check.
Market swings, also known as market volatility, are normal. Many factors drive the moves, including global events and uncertainty about future economic conditions, such as rising interest rates, inflation and jobs.
How your retirement portfolio’s invested, or your asset allocation, needs to match up to your risk tolerance and time horizon. If you’re constantly worried about losing money, you may not have the right investments.
Initially, you may be able to review and rebalance your retirement account yourself — there are plenty of online tools and calculators. But you may find you don’t have the time or experience to make decisions regularly, or with complete confidence. That’s where we can help.
Our professional investment advisors have the knowledge and expertise to evaluate your portfolio and suggest changes that may better align with your financial goals and risk tolerance. They’ll also help keep your investments up to date when your financial situation changes, such as a shift from saving for education to paying for it.
What’s most important when you save for retirement? A plan that works for you. So take action now if you need to adjust your investments.
