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Avraham "AY" Rappaport, CLTC
President, Financial Professional
Yaniv "Jay" Natanov
President, Financial Planner
Eli Rappaport
Vice President, Financial Planner
Shlomo Rosenstein
Financial Professional
Ozzie Marizan
Financial Planner
Joseph Greer
Employee Benefits Administrator
Dylan Pinsky
Client Relations Manager
Premier Financial
6395 Dobbin Road, Suite 102
Columbia, MD 21045
Phone: 240-309-6001
Email: dylan.pinsky@prudential.com
Website: premierfinancial1.com
May/June 2022
Safeguard Your Portfolio Against Unpredictable Markets
You can’t forecast what the markets will do in the future, but you can be prepared for the ups and downs. If you’re in the home stretch toward retirement, having a plan that helps to reduce your risk of a portfolio meltdown can be comforting.
Start with a Review
Reviewing your asset allocation periodically, with the help of your financial professional, is a good first step. Unless you’ve invested in a target date fund that automatically rebalances your investment mix, assess the amount of risk you’re taking with your investments and readjust your portfolio to be more in line with your current risk tolerance, which might change as you get closer to retirement.Leave the Money in Your Account
Withdrawals from a 401(k) or other qualified retirement account before age 59½ come with a penalty and are taxed at your regular income tax rate, which could be higher if the additional income pushes you into another income bracket. Early withdrawals also reduce the amount of money you’ll have available at retirement. Plus, the longer your money is invested, the greater the opportunity for your account to benefit from compounding— earning interest on interest.Remove Emotion from the Mix
When the markets are volatile, you might be tempted to sell investments to limit your losses. Sticking with a well-planned investment strategy instead of letting emotions guide your buy-sell decisions is the smarter move.Develop a Plan
When you’re ready to retire, having a plan in place for withdrawing money from your retirement accounts can help ensure your savings will last. Set aside money that you’ll need for living expenses in a cash account that you can access at any time without paying a penalty. That way, you won’t have to sell investments to meet your income needs when the markets are down. And keeping a significant portion of your money in investments with the potential for earning inflation-beating returns may allow your nest egg to continue growing throughout your retirement.1056764-00001-00
Premier Financial is not affiliated with Prudential Financial. Premier Financial sells insurance products of Prudential Financial's affiliated insurance companies in addition to products of non-affiliated insurance companies. Premier Financial is authorized to sell and service certain insurance products of Prudential Financial companies as well as use this material. Premier Financial and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Offering financial planning and investment advisory services and programs through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to a separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies. 1-800-778-2255. Dylan Pinsky is employed by Eli Rappaport and not The Prudential Insurance Company of America or its subsidiaries.
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