Remove Healthcare Remove Risk Management Remove Wealth Accumulation
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How Working with a Financial Advisor Helps You Retire with More Wealth

WiserAdvisor

This entails a comprehensive assessment of factors such as your financial goals, age, existing savings, monthly contributions, and, most importantly, your risk tolerance. This can help optimize your wealth accumulation while mitigating unnecessary risks.

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10 Ways to Diversify Your Investment Portfolio for Retirement

WiserAdvisor

High-yield bonds can enhance returns but carry greater default risk. Healthcare for long-term stability and resilience. Industries like utilities, consumer staples, healthcare, and financials are known for steady dividend yields, making them strong options for retirees. Consumer goods for consistent performance.

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8 Questions to Ask Your Financial Advisor About Your Investment Portfolio

WiserAdvisor

For instance, if your goal is wealth accumulation, the financial advisor may recommend different strategies versus if your goal is wealth preservation. You can start by discussing your anticipated retirement expenses, such as housing, healthcare, food, travel, hobbies, entertainment, etc.

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The 5 Pillars of Retirement Planning You Should Be Aware of

WiserAdvisor

It serves as a fundamental risk management strategy. Diversification helps mitigate concentration risk and enhances the stability and resilience of your investment portfolio over time. Furthermore, investment planning enables you to capitalize on market opportunities and harness the potential for wealth accumulation.