It's difficult to imagine what your retirement is going to be like in 15 - 20 years. Hopefully, you'll have fulfilled your retirement vision and still have enough assets to maintain your lifestyle and leave a meaningful legacy to your loved ones. In today's environment, however, keeping your assets intact entails a number of challenges: - Inflation increases the cost of maintaining your lifestyle, especially for retirees whose income tends to be relatively fixed.
- Fluctuating markets that can erode assets, reduce income and necessitate additional withdrawals of principal at a time when you can least afford them.
- Taxes can erode any legacy you wish to leave.
And then, of course, there's the issue of over-consumption - maintaining a lifestyle that your remaining assets can no longer support. Once you and your UBS Financial Advisor develop an asset allocation strategy for retirement that reflects your unique circumstances, objectives and risk tolerance, you should continue to assess your strategy on a regular basis. Your Financial Advisor can help you: - Keep track of your progress and evaluate whether an adjustment in investment strategy or lifestyle might be appropriate
- Reallocate your assets to reflect changing resources and objectives
- Evaluate long term care/insurance needs
Today's increased life expectancies mean that your assets will have to last longer than those of previous generations of retirees. To develop or refine your capital preservation strategy, contact a UBS Financial Advisor today.
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