Does good advice from a financial advisor give you an advantage?
Bob Powell interviews Pam Krueger CEO of Wealthramp about re-balancing your portfolio.
Key Takeaways
- If you have a financial advisor and comprehensive retirement plan in place, market downturns may require only minor timing adjustments (1-2 years) rather than derailing your retirement timeline entirely
- During market downturns, prioritize rebalancing your portfolio (47% of advisor clients are doing this) and tax-loss harvesting (10% are executing this strategy) rather than stopping retirement contributions
- Build a cash cushion as part of your overall plan—23% of pre-retirees with advisors are prioritizing this, which helps you avoid panic selling during volatility
- Focus on holistic financial planning including cash flow analysis and fee management throughout your working years, as this provides the foundation to weather market crises without derailing retirement plans
Does good advice from a financial advisor give you an advantage? Advice from an advisor: Bob Powell interviews Pam Krueger CEO of Wealthramp about re-balancing your portfolio. To see more videos on Finstream TV featuring Pam Krueger, please click on this link: https://www.finstream.tv/featured/pam-krueger/