Do You Have Too Many Eggs In One Basket?

When selecting a financial advisor to work with, it is important that your advisor is someone that you can trust. Building and maintaining the relationship with your trusted advisor can be extremely valuable. If you currently work with an advisor, make certain they are fiduciary licensed. As a fiduciary advisor, they have an obligatory duty to put your personal needs and goals first, period.

Working with a trusted advisor can help you to stay on-track toward a prosperous and blissful retirement. It will also help you make certain that your family is protected if an unexpected event should occur. Do you know what will happen when you and/or your spouse passes away? How will you be passing wealth on to your future generations? This is another important aspect of your retirement plan in which your trusted advisor can assist you with.

An advisor can also help you create an investment strategy tailored to you specifically. Are you properly diversified? Try to imagine that you’re holding one pencil in your hand. Now, try to snap it. It may take a little effort, but it’s relatively easy to break just one pencil. Now, repeat this exercise with 30 pencils in your hand. The effort required to break this stack of pencils is far higher and likely impossible to do.

Employing diversification in your portfolio is crucial to building a safe, secure, and reliable nest egg for your retirement. Make sure that you don’t have too many “eggs in one basket.” By having your portfolio depend on one company’s stock or one sector of the market, you can seriously inhibit your ability to hedge against risk. The goal of diversification is for the value of the assets in your portfolio not to move in the same direction, all the time. If you don’t know your current risk tolerance level in your portfolio, then it may be time to schedule a meeting with your trusted financial advisor.

If you currently do not have a trusted advisor to work with, then give us a call today to set up your no cost, no obligation financial review. And if you do, this is a great time to reach out, set a meeting, and make certain that your relationship with your advisor has created a retirement plan that works for you and your family.

**INFORMATION PROVIDED IS FROM SOURCES BELIEVED TO BE RELIABLE HOWEVER, WE CANNOT GUARANTEE OR REPRESENT THAT IT IS ACCURATE OR COMPLETE. NO STATEMENTS MADE SHALL CONSTITUTE ANY FINANCIAL, TAX, LEGAL, OR ACCOUNTING ADVICE. ANY HYPERLINKS PROVIDED ARE AS A COURTESY AND SHOULD NOT BE DEEMED AN ENDORSEMENT**

Securities and advisory services offered through Royal Alliance Associates, Inc. (RAA), member FINRA/ SIPC. RAA is separately owned and other entities and/or marketing names, products or services referenced here are independent of RAA. RAA is not affiliated with Lone Beacon

Neither the named representative nor the named Broker/Dealer or Investment Advisor gives tax or legal advice.

Fixed index annuities are designed to meet long-term needs for retirement income. Early withdrawals may result in loss of principal and credited interest due to surrender charges. Distributions may be subject to ordinary income tax and, if taken prior to age 59 ½, an additional 10% federal tax. An income rider or benefit (sometimes called Guaranteed Lifetime Withdrawal Benefits, or GLWB) is an additional feature available with some annuities and generally optional and come with additional cost. Income benefits are designed to provide income options above and beyond the standard annuitization or free withdrawal features in annuities. All contract gains beyond the CAP rate are surrendered to the insurance company to pay for the expense of the product.

The views expressed are not necessarily the opinion of Royal Alliance Associates Inc, and should not be construed directly or indirectly, as an offer to buy or sell any securities mentioned herein. Individual circumstances vary. Investing is subject to risks including loss of principal invested. No strategy can assure a profit against loss.