"The quickest way to double your money on your brokerage statement is to fold it in half and put it in your back pocket."
Current Statement Review
Do you really know what your current investments are doing for you? You receive the statements.
You see the account balances. But do you know exactly what you own, how your money is invested, what level of risk you're taking, and whether your current strategy still makes sense for your retirement?
Financial statements can contain pages of investments, percentages, fees, transactions, and terminology without necessarily giving you a clear picture of what it all means. At Taylor Retirement Solutions, a Current Statement Review gives you an opportunity to take a closer look at your existing financial accounts with an experienced financial professional.Sometimes, understanding what you already have is the best place to start.
Bring Us What You Have
You don't need to organize your entire financial life before having a conversation.
Your current statements can provide valuable information about how your retirement assets are positioned today.
Depending on your circumstances, we can review statements from accounts such as:
-
401(k)s and other employer retirement plans
-
Traditional and Roth IRAs
-
Brokerage and investment accounts
-
Annuities
-
Mutual funds
-
Other retirement and investment accounts
The objective is to help you better understand your current financial picture—not overwhelm you with more paperwork.
What Are You Actually Invested In?
Knowing the name of an investment isn't the same as understanding its role in your portfolio.
A statement review can help provide greater clarity around questions such as:
How is my money currently allocated?
How much investment risk am I taking?
Am I properly diversified?
Do I own investments that significantly overlap?
Are my current holdings appropriate for my retirement timeline?
What expenses or fees may apply to my accounts or investments?
How could these assets eventually fit into my retirement income strategy?
The goal is to turn pages of financial information into a clearer conversation about your money.
Your Accounts May Have Changed Without You Realizing It
A portfolio doesn't necessarily stay the same simply because you haven't made any changes.
As markets move, certain investments can grow faster than others. Over time, the allocation of your portfolio may shift. Your life may have changed too.
Perhaps you're now much closer to retirement. Your income needs may be different. Your tolerance for market fluctuations may have changed. Or you may have accumulated multiple retirement accounts from different employers over the years. A current statement review provides an opportunity to evaluate whether the financial strategy you have today still reflects where you are now and where you're headed next.
Are You Taking the Right Amount of Risk for Retirement?
Investment risk can take on a different meaning as retirement approaches.
Someone with decades until retirement may view market fluctuations differently than someone who expects to begin withdrawing money in the next few years.
At the same time, becoming too conservative may introduce other concerns, including whether your assets have sufficient long-term growth potential to help address inflation and a lengthy retirement.
Reviewing your current holdings can help begin the conversation about whether your portfolio's risk characteristics remain consistent with your goals, time horizon, income needs, and personal tolerance for market fluctuations.
Your Statement Tells a Story. Make Sure You Understand It.
You shouldn't have to look at your financial statements and wonder what everything means.
A Current Statement Review can help you gain a clearer understanding of what you own, how your assets are positioned, and how your current investments fit into the retirement you're planning for.
