Does working with an advisor help you retire on time?
Pam Krueger presents the results from a survey of financial advisors.
Key Takeaways
- If you have a comprehensive financial plan in place, market downturns may not require you to delay retirement—80% of advised clients stayed on track during this crisis
- Use market downturns as a rebalancing opportunity; 47% of advisor clients prioritized rebalancing rather than panic-selling, which is an optimal time to adjust portfolio allocation
- Consider tax-loss harvesting during volatile markets; 10% of clients actively used this strategy to offset gains and reduce tax liability
- Maintain a cash cushion as part of your overall plan; 23% of clients made this a priority, helping them avoid forced selling during downturns
- Work with an advisor who emphasizes holistic planning (cash flow analysis, cost management) rather than just product sales—this planning foundation is what allows clients to weather crises without derailing retirement timelines
Does working with an advisor help you retire on time? Pam Krueger presents the results from a survey of financial advisors. Pam is creator and co-host of the MoneyTrack investing education series on public television, and founder & CEO of Wealthramp (www.wealthramp.com), a free advisor matching platform that connects consumers with vetted and qualified fee-only financial advisors. To see more videos on Finstream TV featuring Pam Krueger, please click on this link: https://www.finstream.tv/featured/pam-krueger/
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