Spring is right at our doorstep, just as the groundhogs predicted last month - and my allergy sniffles are telling me now. Growth might be the only thing on nature's mind for the next couple of months, but we want to take a moment to remind everyone that growth is not always the ultimate goal in every situation. It's simply one phase or a part of an overall cycle.
The Wealth Report covers the topic of US tensions with Iran and how that can affect the economy and markets.
While it is important to be aware of what's going on across the globe, it's more important (in our opinion) to be sure you have a well rounded plan that doesn't rely too heavily on market performance or happenings half way around the world at any given time. Whether it be tensions with Iran over oil production or worries about the Coronavirus, markets have proven lately that they can make significant swings in short periods of time, so it's typically not wise to have a financial plan that's success is dependent on markets cooperating with our expectations of continual growth. This is especially important as you near and enter retirement. There is a place for growth opportunities in all portfolios, but the appropriate mix of growth and safety needs to be taken into account to ensure your overall goals are able to be met in the long term.
there is anything we can assist you with or if you'd like to review your current retirement plan, then just let us know.
And, as always, remember -
The purpose of the money dictates where you put it.