Conducting a review of your retirement goals and strategies is an ideal way to ensure that your plans for your financial future remain realistic and on track. This can be done in four easy steps:
Step 1: Review Your Retirement Goals
Your first step should be to review your retirement savings goals and assess whether anything significant has occurred that might affect either your outlook for retirement or your current strategies to prepare for it.
Step 2: Take a Fresh Look at Your Retirement Strategies
Your portfolio's specific mix of stocks, bonds, and cash, known as your asset allocation, should complement your financial goals, risk tolerance and timeframe. If you have not taken a look at your investments in a while, don't assume that your old asset allocation is still appropriate for your current needs.
Step 3: Consider Saving More
None of us know what the future may hold. A good way to improve the odds that you have saved enough for retirement is to save more, no matter how prepared you may already be.
Step 4: Consult with a Financial Representative
Conducting a retirement review with a Financial Representative is always a great idea. You can discuss what else you can do to help pursue retirement independence.
Member Investment Services, located at DuPont Community Credit Union, would like to offer its assistance with your retirement review. Please schedule a free appointment by emailing us at email@example.com or calling 540.946.3200.
Asset allocation does not ensure a profit or protect against a loss.
Securities offered through LPL Financial, Member FINRA/SPIC. Insurance products offered through LPL Financial or its licensed affiliates. The investment products sold through LPL Financial are not insured DCCU deposits and are not NCUA insured. These products are not obligations of the DCCU and are not endorsed, recommended or guaranteed by DCCU or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principle is possible.