Vacation and Retirement: Different Goals Require Different Investment Strategies

Share this:

As you go through life, you’ll have different financial goals – and they may require different investment strategies.

For example, someday you may want to take a vacation, perhaps to an exotic place. For this goal, you’ll want investments that are liquid and low-risk, because you’ll need a certain amount of money at a specific time, and you don’t want to set yourself up for early withdrawal or tax penalties.

Now, consider another goal: your retirement. To retire comfortably, you’ll likely need to accumulate as much money as possible. Therefore, you should have a reasonable percentage of your portfolio devoted to growth-oriented investments, taking into account your goals and risk tolerance. As you move closer to retirement, you may want to lower your risk level by moving some – though certainly not all – of your growth-based investments into more conservative vehicles.

Try to follow investment strategies designed to help meet your goals. When you do, you’ll give yourself a better chance of reaching your destinations.

Share this:

Previous articleWBA Corner July 2019
Next articleThe Waxhaw Lions Club Helps Us All
Dylan Hales
I'm a native North Carolinian, who grew up in the eastern part of the state. My folks exhibited and instilled many of the values that I still hold close to today. I had the opportunity to earn a bachelors from NC State, which is where I met my wife. We married shortly after she graduated in 2016. She grew up in this area, so we moved back to the Wesley Chapel area so we could be close to her family. Folks here have been more than welcoming and have made it feel just like home (minus the eastern NC BBQ).

People often ask what I like to do when I'm not at the office. That mostly depends on what time of year it is. During the spring and summer I like to work on my garden. During the fall and winter I love keeping up with NC State football and basketball. We also have two rescue dogs who like to explore the state with us.

Since I've been in Wesley Chapel, I've noticed that most folks just like me. We're all from somewhere and we've all come here following the things we love. I want to understand what those things are for you, and help get you there.