Growth Planning: The Second Key In Our RichLife Retirement Success Strategy™
With retirement today often spanning multiple decades, including long-term growth opportunities in your retirement planning strategy is absolutely essential. That’s why it’s the second key in our trademarked RichLife Retirement Success Strategy™.
Through strategic asset allocation and diversification, this growth will help give you a hedge against inflation, long-term care costs and provide for a surviving spouse or loved ones in future generations.
Here are a couple of the things you need to consider when you’re creating your long-term growth plan…
Diversify Your Investments
You need to have a strategy that is diversified into different areas of the market because different areas grow at different times.
One way to accomplish this is to invest in areas and products where there is minimal market risk to meet your basic needs in retirement while investing in products with more risk to address your discretionary and unexpected expenses, as well as your legacy goals.
Long-Term Growth Takes Time
Most people can expect their retirement to last 20, 30 even 40 years. That’s why having a structured long-term income growth plan is critical. The last thing you want to have happen is that you run out of money during your retirement – no matter how long it lasts.
Too many people forget that long-term growth takes time. And that’s why having a properly structed retirement income is vital. It gives you the money you need to take care of your day-to-day expenses while allowing another portion of your funds to grow with the market – ensuring you don’t run out of money too soon. So, it’s imperative to keep long-term growth long term.
If you’d like to learn about the RichLife Retirement Success Strategy™ and how it can help you, watch this two-minute video.
If you have any questions, please feel free to fill out the form on the bottom of this page and someone from our office will get back to you within 48 hours.