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Why am I being asked this question?
Once you start withdrawing and spending your money, you'll want to be sure it will last as long as you need it to. Depending on your goal, that could be a short or long period of time. It might be a onetime expense, such as buying a house, several years of paying college tuition, or even decades of enjoying a long retirement. These future plans are important to consider when mapping out an investment strategy.
Your asset mix could be more conservative or aggressive depending on your current and future income sources. A stable financial outlook provides a solid foundation on which to base your investment strategy. Generally, more stability affords you more opportunity to take on investment risk. Less stability suggests that a more conservative approach might better serve your long-term interests.
The maximum gain or loss on an investment is impossible to predict. The ranges shown in the chart are hypothetical and are designed solely to gauge an investor's risk tolerance.
Market volatility can cause uncertainty and fear. Risk tolerance is how comfortable you are during volatile times, when market swings can dramatically change the value of your investments. This is another key factor in finding the right asset mix. Taking on more risk can lead to higher returns, but it can also result in substantial losses. Conversely, a mix that's too conservative can keep you from the growth you need to achieve your goals. We can help you find the balance that's right for you.
