Do you have a retirement strategy? Do you know how much you need to save to retire with your planned income? Which vehicle(s) fits best with your plan? Does your strategy include a guaranteed income stream for life? Do you want to pay higher or lower taxes when you're on your fixed income? Developing a strategy is complicated. Let's ask the right questions together to work on your retirement.
Diversification is a very useful strategy for protecting your savings. Most folks have heard of having a mix of safe, moderate, and risky assets (vertical diversification), but a less common approach also employs pre- and after-tax assets (horizontal diversification). Of course, diversification cannot assure a profit or protect against a loss. The example below illustrates one way horizontal diversivication can have a positive impact on your retirement income: