Maybe you’ve been saving for retirement for years, but do you know where your assets are? To some, this may seem like a relatively unimportant topic — you’re contributing to a market that has some growth potential for retirement, so what does it really matter? Knowing where your money is invested is half the battle in planning for retirement; if you’re over 55, it could be argued that paying attention to your money should be your job.

By working with a financial advisor with investment management skills, you’d most likely have a diverse money market portfolio that could avoid losing a major portion of your assets just by one bear market.

Whether it’s bonds, insurance products, stocks, or placing your money with a brokerage firm, it’s critical to stay up to date with your money market accounts and retirement assets. Knowing each type of investment or product you have can help you better understand your retirement planning trajectory and what questions to ask your advisor when you meet with them.

At Hoffman Financial Group, it’s our commitment to make sure our clients are aware of the investment vehicles and other financial products they’re using for their retirement plan. If you’d like to know more about our financial process, contact us today.

 

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