Randy Eschels photo
Garett Eschels photo


Randy Eschels, CLU, ChFC, CFP®


Garett Eschels



Eschels Financial Group, Inc.

555 S Old Woodward Avenue, Suite 612

Birmingham, MI 48009


Phone:  248-644-1144


Fax:      248-644-7820





May/June 2022

Safeguard Your Portfolio Against Unpredictable Markets

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.


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Securities offered through Concourse Financial Group Securities, Inc. (CFGS), Member FINRA/SIPC. Advisory services offered through Concourse Financial Group Advisors, a DBA for CFGS, a Registered Investment Advisor. Eschels Financial Group, Inc. is independent of CFGS.
Eschels Financial Group, Inc. and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

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