When it comes to wealth accumulation investing, time is your ally. The more time you spend investing, the higher the amount of compounded interest will be applied to your money. If you’ve experienced financial losses in the past few years and still haven’t been able to fully recover, you may need to consider an allocation that is more aggressive. This will help you get back on track and continue accumulating wealth.
When investing, remember to consider stock market fluctuations. A retirement strategy that’s more conservative will usually have merely a portion of assets actually invested in the stock market. Considering this, certain allocations can be used for investments that are more secure* and conservative, such as annuities. Annuities are specifically designed to produce income during retirement that will supplement any saved assets. Their minimum guarantees are provided by the ability of the insurance company that issues them. Now, if a future market correction occurs, you’ll be on more stable financial ground with your investments.
*Annuity guarantees depend on the ability and strength of the issuing carrier.
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