Retirement planning requires preparing for the unexpected. Market volatility, inflation, your health, insurance costs, and taxes will impact how you live in retirement and even more so if they’re not taken into consideration when your retirement plan is formulated. One very common mistake retirees make is failing to diversify investments. The market is volatile and downturns are frequent. Yet over 85% of retirees are not properly diversified. Diversifiedinvestments help reduce risk. 

 If you were to invest all your money in stocks and the market crashes, you may be forced to sell off assets at a loss to generate income. Throw inflation into the mix and your purchasing power will be reduced at a time when your retirement income is dwindling. There are assetsthat can keep pace with inflation which is why diversification is key. At Alloy Wealth Management, we’ll help you find ways to generate lasting income and teach you how to slowly withdraw money from your retirement savings so you won’t burn through your nest egg.

Our experts think beyond assets and income when creating a comprehensive retirement strategy. Preparing for the unexpected means considering the rising costs of healthcare and the possibility that you may face long-term care expenses. We will incorporate tax planning to minimize your tax liability so you can keep more of your savings. Retirement planning can be daunting when you attempt it on your own. Let Alloy Wealth help you create a strategic plan to prevent unexpected events from destroying your finances and ruining your retirement dreams. Contact Alloy Wealth at 800-689-3935 to schedule a consultation.