7 Strategies My Retirement Planner Recommended to Improve My Financial Outlook
Retirement planning can be a complex puzzle, but expert strategies can help improve your financial outlook. This article explores seven key approaches recommended by seasoned retirement planners to enhance your long-term financial security. From asset segmentation to diversification tactics, these insights offer practical ways to strengthen your retirement portfolio and maximize your financial potential.
Segment Assets with Bucketing Method
Add Precious Metals to Diversify Portfolio
Implement Roth Conversion Ladder
Invest in Passive Income Assets
Structure Tax-Advantaged Investments Early
Diversify with REITs and International Markets
Integrate Guaranteed Income Annuity
Segment Assets with Bucketing Method
Planning with Purpose: The Power of Bucketing Retirement Income
“A good retirement plan doesn’t just ask ‘Will I have enough?’—it answers ‘Will I have enough when I need it most?'”
The bucketing method for retirement income planning is one of the most transformative strategies that I have used to plan my retirement. My retirement planner helps me segment retirement assets into three time-based “buckets”: short-term (1-3 years), mid-term (3-10 years), and long-term (10+ years). Each bucket is allocated differently: cash and short-term bonds for immediate needs, balanced portfolio for middle years, and growth-focused investments for later in life.
This plan not only organized my assets but also gave me peace of mind. I did not have to touch my long-term assets because of market volatility, as my short-term needs were already secured. It helped me make better financial decisions and removed much of the emotion that can cloud judgment in retirement.
The biggest outcome of this strategy for me was confidence. Knowing that I had a plan in place, which was aligned with my life stages, allowed me to enter retirement with clarity instead of anxiety.
Harold Wenger Jr.
Partner | Wealth Manager
Investment advisory services offered through Kingsview Wealth Management, LLC (“KWM”), an SEC Registered Investment Adviser. Insurance products and services are offered and sold through Kingsview Trust and Insurance Services (“KTI”), by individually licensed and appointed insurance agents. KWM and KTI are subsidiaries of Kingsview Partners. KWM is an investment adviser registered with the Securities and Exchange Commission (“SEC”). Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.
