Managing investments can feel complicated, especially in retirement. Without the steady income of a regular paycheck, your investments need to do more of the heavy lifting. But how do you know when it’s time to call in a professional? Here are five clear signs that you may need help managing your investments.
Feeling Overwhelmed by Investment Decisions
It might be time to get professional support if you find yourself second-guessing every financial decision or simply avoiding making them altogether. The world of investing is vast, with countless options like stocks, bonds, mutual funds, and ETFs. An investment advisor can help you identify which options align with your risk tolerance, goals, and retirement timeline.
Neglecting Regular Portfolio Reviews
Your portfolio needs attention to perform well over time. Skipping regular reviews can cause you to miss critical opportunities for rebalancing or adjusting your strategy. If you haven’t checked on your investments recently, you may already be at risk of having a misaligned portfolio. Whether it’s adapting to market conditions or life changes, a professional can help ensure your portfolio stays on track.
Difficulty Understanding Market Changes
Markets are unpredictable, and staying informed takes a lot of effort. If terms like “bond yields” or “diversification” sound like a foreign language, an advisor can break it down for you. Understanding the differences between registered advisors and brokers is crucial here. While brokers may execute transactions, registered advisors have a fiduciary duty to act in your best interest, offering advice tailored to your needs rather than merely selling products.
Experiencing Significant Investment Losses
Every investor experiences downturns at some point, but if major losses feel frequent or overwhelming, it might signal a need for expert guidance. A skilled advisor doesn’t just steer you through tough markets—they help create a more resilient strategy to protect and grow your assets over the long term.
Lack of Time for Investment Management
Life gets busy, even in retirement. Between travel, hobbies, and family, keeping up with your portfolio can easily fall to the bottom of your list. If you’re struggling to carve out time to manage your investments properly, hiring a professional shifts that responsibility off your plate, giving you more freedom to focus on the things that matter most.
Investing is one of the most important aspects of maintaining financial health in retirement. If any of these signs resonate with you, it’s time to consider professional help with your investments. Reach out to a registered investment advisor today to discuss your goals and how they can help you create a solid financial future.
