The Right Asset Allocation For You

What’s the perfect balance of assets for your portfolio? It can vary dramatically from one investor to another. There is no such thing as a one-size-fits-all portfolio.

However, there are some loose guidelines to consider when putting your retirement portfolio together.

Generally speaking, the more assets you have, the more conservative you can afford to be in your investment approach.

An investor with considerable funds who is retired or nearing retirement may be better served to reduce speculative holdings such as stocks and put a greater share of assets into safer choices such as government bonds.

But younger investors who have a long way to go to fund their retirement nest egg should consider a more aggressive approach with a greater emphasis on stocks.

A financial planner can help you determine an asset mix that meets your needs, goals and situation in life.

Wealth Enhancement Group has helped thousands of Minnesotans plan for a comfortable retirement. With a team of experts well-versed in financial planning, investment management, and maximizing tax strategies, Wealth Enhancement Group will help you achieve the life you imagined.  

CLICK HERE to get your copy of our 24-page retirement booklet, ”Planning for Retirement – Strategies for Your Life, Your Finances, and Your Future”. In this booklet, you’ll learn more about strategies and options for your future.  

Retirement Myths

Investors often develop some misconceptions about retirement planning. The sooner you recognize those misconceptions the sooner you can adjust your approach to retirement planning and take the right steps to save and prepare properly.

Here are some common retirement myths:

• I can always work longer if I need to. Many people will work beyond the age of 65, but your health may dictate otherwise.
  
  
• I’m going to get serious about retirement savings someday. There’s no better time to start than today.
  
  
• I don’t have any money left over to save. You can always find ways to spend your money. A payroll deduction plan can help you save automatically.
  
  
• I’ll get by on my Social Security. Social Security is a supplement – you’ll need a lot more than that to live a decent lifestyle when you retire.

“Life Support”…

Last month readers were invited to take advantage of a newly created life insurance evaluation program.

We are pleased that a number of you have chosen to take advantage of the program. For many clients we were able to give them a better understanding of their insurable needs and coverage.

For those of you that have yet to take advantage of the program we invite you to do so. The summer months are an ideal time to fine tune some of those items that we have a tendency to put off during the busier times of the year.

If you own one or more life insurance policies and would like to take advantage of our complimentary program you are invited to call Rich Schlueter at 952-249-5029, or 1-800-492-1222, ext 5029.

As a child I listened to the Beatles sing “money can’t buy me love.” It certainly can’t, and nothing we do at WEG should be taken to imply otherwise. What money might help you do is provide a better life for those you love.

The efficient use of money to provide for, protect, and care for loved ones is one expression of our love for them. Do you have to have money and give it away or spend it lavishly on those you love to prove your love? That’s absurd. Spending time together, giving of ourselves, and being present are often more valuable to our loved ones than anything money can buy.

You can probably lead a rewarding life if all you have is love, but your life would be quite hollow if all you had were money.