When it comes to planning and saving for retirement, the same thing happens all too often. Fortunately, it doesn’t have to.

Let’s 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.

It doesn’t 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’t 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 must.

This is not to say that you can’t remain invested in the stock market as you near retirement. For those with 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.

That’s why in our initial meeting with you, we’ll create a financial risk management plan to help ensure that the level of risk you’re exposed is appropriate for your current stage in life. After sitting down to get to know you, we can help create effective risk management solutions that include wealth & asset preservation strategies.