If you\u2019re a sports fan, odds are you\u2019ve seen it more than once: the late-game comeback. It usually happens because the losing team fails to make the shift from focusing on offense to focusing on defense and protecting their lead late in the game\u2014when it matters most.<\/p>\n
When it comes to planning and saving for retirement, the same thing happens all too often. Fortunately, it doesn\u2019t have to.<\/p>\n
Let\u2019s face it, most of the messaging that comes from Wall Street and many financial advisors is focused on growth-based financial strategies, which usually involve the stock market. That might be okay for investors in their 30s and 40s, but being overexposed to growth-based strategies as you near retirement can be a risky proposition.<\/p>\n
It doesn\u2019t take complex risk analysis to determine that, as we near retirement, we should reduce our exposure to risk. The plain and simple truth is that anyone nearing retirement simply can\u2019t afford to ride out another major stock market correction like the ones that started in 2000 and 2007. For anyone within 10-15 years of retirement, financial defense is a mu<\/em>st<\/em>.<\/p>\n This is not to say that you can\u2019t remain invested in the stock market as you <\/span>are near<\/span> retirement. For those with the ability to withstand some level of risk, high dividend-paying stocks can be a viable way to generate ongoing income in retirement while providing some risk mitigation.<\/span><\/span><\/p>\n That\u2019s why in our initial meeting with you, we\u2019ll create a financial risk management plan to help ensure that the level of risk you\u2019re exposed to is appropriate for your current stage in life. After sitting down to get to know you, we can help create effective risk management and asset preservation strategies.<\/span><\/span><\/p>\n","protected":false},"featured_media":5126,"template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"yoast_head":"\n