Protecting your nest egg from financial loss becomes increasingly important as you get closer to your retirement date. Having all or a large majority of your money “at risk”, in the market with no principal protection, is like playing russian roulette with your own retirement. Ask any current or soon to be retiree who had all of their money invested in the market during the 2008/2009 financial crisis and they will tell you they wish they had planned with asset protection in mind. While coming up with a diversified retirement plan is recommended, scaling back on risk as you progress through your life is essential.
There are a wide array of products that will offer asset protection, talk to a licensed representative today to figure out the right one for your situation.