Nearing Retirement and Worried About Protecting Your Nest Egg: You’re not the Only One

If you have been careful about saving your money over the years and stuck with a solid investment plan, your nest egg will have grown considerably.

If you have been careful about saving your money over the years and stuck with a solid investment plan, your nest egg will have grown considerably. But as you begin to approach retirement age (maybe between 55 and 65 years of age), if you are like most people, you get a bit more protective of your savings and seek steadier growth rather than greater risk.

You also wonder whether your diversified, mutual fund–centered investment strategy over the last 15 years has been the best way to grow your retirement savings, especially because of the impact of the Great Recession and COVID-19 pandemic on your portfolio. For steady, long-term investors, these market swings did not so much result in losses, but simply in lost time during which your money didn’t grow as expected.

And today, traditional investment alternatives appear to be even more limited. Historically low-interest rates mean that interest-bearing bank accounts and certificates of deposit, though low risk, are not good avenues for growing a nest egg over time. Commercial real estate investments are being sorely tested by the pandemic. In addition, municipalities are seeing large deficits caused by economic reactions to COVID-19, so tax-free municipal bonds may carry a higher risk than in the past.

The question becomes: How do you generate more income and savings without being subject to the whims of the market? How do you protect the savings you’ve built up over decades, which will serve as the foundation for a comfortable, secure retirement? And generate enough income to live comfortably? Going back to work is not an option. At Isakov Planning Group we have a number of strategies that can help put your mind at ease. We have some very effective methods for preserving your nest egg without having to sweat the stock market’s ups and downs. we can review secure and tax sufficient strategies that pay significant income from your nest egg. A bank paying 1% interest will never be enough. Contact us today for a free no-obligation consultation to learn more.

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735 Street Rd Southampton, PA 18966
97 Main st. Woodbridge, NJ 07095
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