July 2020

Where Is Your Retirement Money?

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.

Investment advisory services offered through Retirement Wealth Advisors, Inc. (RWA), an SEC Registered Investment Advisor. Hoffman Financial Group and RWA are not affiliated. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.

This information is designed to provide general information on the subjects covered. It is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or promote, market, or recommend any tax plan or arrangement. Please note that Hoffman Financial Group and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.

Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any references to protection benefits or lifetime income generally refer to fixed insurance products. They do not refer in any way to securities or investment advisory products or services. Fixed insurance and annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors, Inc.

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Hoffman Financial Group, Inc. use of the "like" button is not an endorsement of the organization or individual who posted the content. All content, "likes", and followers of this page should not be considered as testimonials or advertisements.

Thank you for visiting Hoffman Financial Group, Inc. social media pages. We are part of a highly regulated industry and therefore have some strict rules on replying to comments. If you do not hear from us, or we remove posts because they do not fall within specific guidelines, please do not take it personally. Hoffman Financial Group, Inc. reserves the right to remove any comments on the page that are exaggerated, misleading, or fraudulent.

No Testimonials – Industry regulations prevent us from posting comments about how well or how poorly anyone feels about working with Hoffman Financial Group, Inc.

Hoffman Financial Group, Inc. use of the "like" button is not an endorsement of the organization or individual who posted the content. All content, "likes", and followers of this page should not be considered as testimonials or advertisements.