In the recent market downturn, retirees who had allocated all their assets to equities witnessed a nearly 35% shrinkage in their nest egg within a 12-month period. This nightmare scenario became a harsh reality for many diligent individuals.

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The importance of proper asset allocation cannot be overstated, especially for retirees aiming for a successful long-term financial strategy. A retired individual having 100% of their assets in equities at any time is generally considered unwise.

 

Determining the optimal allocation involves a personalized examination of each person's risk tolerance and investment objectives.

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In retirement, meeting income needs becomes paramount. Can you generate sufficient income without depleting your principal? What is the most prudent way to generate income without taking undue risks?

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A financial advisor is instrumental in helping you assess the suitable level of risk. Even the most skilled captains rely on a complete crew to navigate the ship. Your financial adviser is akin to a steady hand at the helm, ensuring you maintain a safe course and keeping a vigilant eye on the horizon for potential obstacles.

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