Safety First!

Keeping Your Money Safe

Bad performance years can have devastating consequences for people who are in the process of retiring or are currently retired.

Dire consequences include deferring retirement dates, taking part-time jobs, and reducing standards of living.

And the more you depend on the assets for retirement income, the more devastating the potential consequences.

Safety First

Keeping your assets safe is critical during transition and retirement years. It is not like you have 20 years until retirement so you have plenty of time to make back the losses. And, if the losses are severe enough, winning them back can take years. Just ask your friends and family who were impacted by the 2008 stock market crash.

That is why risk management is our focus at Prime Wealth. We know how important it is to keep your money safe. We know if you don’t lose it, you don’t have to spend years winning it back.

Before an investment is recommended for you, we will fully explain its key features and the associated costs. This service helps you understand what you are investing in and why. Plus, you can compare the total expense to the investments upside potential.

We have five business practices that reduce your exposure to various types of financial risk.

1. We research the investment alternatives for you.

They must meet our strict guidelines for risk management.

2. We use an independent, brand name custodian.

Prime Wealth does not take physical possession of your assets. That is the role of the custodian. We have partnered with Pershing, a subsidiary of BNY Mellon. Pershing is responsible for more than $1.8 trillion of investor assets. Learn more about Pershing here.

3. We manage risk for you.

Prime Wealth does not use the invest first and manage risk second approach. It is the other way around. We are always looking at risk exposure before we recommend particular investments. In general, this means we will reduce your exposure to the broad stock market. Or, we can design a portfolio using investments that can minimize your risk of substantial losses.

4. We recommend maintaining a cash cushion for more volatile times.

Based on your tolerance for risk, we recommend a cash cushion of six to twenty-four months for the unexpected events that occur in our lifetimes. These assets are invested in an interest-bearing account that has 24-hour liquidity.

5. We help you avoid the possibility of negative interest rates.

While virtually unheard of in the past, negative interest rates are a reality in many parts of the world today.  If you prefer, we can structure your fixed-income investments in a way that helps you avoid the possibility of negative interest rates.

Risk management is our focus at Prime Wealth. We know how important it is to keep your money safe.

Are you ready for retirement?

Our free, no-obligation retirement check-up provides the answer.