The Informed Investor
Retirement Investment Strategies For Female Executives
December 28, 2021
To succeed in the business world, many female executives sacrifice a great deal. Long hours on the job can make it difficult to find the time to plan for retirement, much less find time for all the other demands in your life. In our opinion, the more successful you are in business, the more important it is to have a solid retirement plan in place. After all, as an executive, you’re used to living a certain lifestyle—you should have the financial means to maintain that lifestyle once you’re no longer working. A surprising number of executives fail to save enough money for their golden years, however when you’re earning a large income every month, you can easily catch up by starting now. Here’s what you need to know.
There Is No One-Size-Fits-All Solution
A retirement investment strategy should be based upon your unique goals, whatever those may be. While there’s no shortage of investment advice on the internet, you are better served by working with an experienced financial advisor who will take the time to understand what you want out of your retirement and can provide guidance on a strategy to work toward your objectives.
We often see executives spending a great deal of money as a way to reward themselves for the sacrifices they’re making; in theory, they should be investing for retirement, but in reality, they’re spending almost as much as they bring in each month. Part of a customized retirement investment strategy is taking a look at your financial picture as it stands and helping you balance the desire to live the lifestyle you want now, while also setting aside money to allow you to continue living that lifestyle in the future.
Your Age Dictates Your Retirement Investment Strategy
It’s never too late to start investing for your retirement, but it is important to understand that investment strategies will differ based on both your current age and the age you’d like to retire. In other words, how many years do you have to save for your retirement?
If you’re closer to your retirement age and have not adequately saved, you’ll need to start building your nest egg quickly. For our younger clients, there’s more room to take a slower, steady approach. We can provide you with information to make prudent investment decisions based on your needs, timeline, and your appetite for risk—for example, investing in stocks may bring the highest rewards, but they are also riskier and more volatile than other assets. Your financial advisor can present options to you and recommend a diversified portfolio designed to weather market volatility.
Don’t Forget About Taxes
Most people focus on investing when planning their retirement, but you’ll also need to think about taxes, which are another critical component of your retirement investment strategy. You want to pay the least amount of tax possible while maximizing your tax-deferred investments; our in-house tax specialist can work with you and your accountant to help you achieve this goal.
Consider not only how much money an investment may make over time, but also how those gains will be taxed. Some investments generate tax-free income while others are tax-efficient; others differ depending on how they’re used or how long they’re held.
Learn More About Our Financial Services
If you have $3 million or more in investable assets and would like to learn more about our financial services, our financial advisors are here to help. ICC provides clear and unbiased guidance for its clients, backed by a team of experienced fiduciary, financial experts. Contact us today at 702-871-8510 to learn how our team can help you.
IMPORTANT DISCLOSURE INFORMATION
The Investment Counsel Company of Nevada (“Company”) is an SEC registered investment adviser located in Las Vegas, Nevada. Company may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. Company’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Company’s web site on the Internet should not be construed by any consumer and/or prospective client as Company’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Company with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. A copy of Company’s current written disclosure Brochure discussing Company’s business operations, services, and fees is available from Company upon written request. Company does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Company web site or incorporated herein, and takes no responsibility, therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Company), will be profitable or equal any historical performance level(s).
Certain portions of Company’s web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Company (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Company, or from any other investment professional. Company is neither an attorney nor an accountant, and no portion of the website content should be interpreted as legal, accounting or tax advice.
Please Note: Limitations: Neither rankings and/or recognition by unaffiliated rating services, publications, media, or other organizations, nor the achievement of any professional designation, certification, degree, or license, membership in any professional organization, or any amount of prior experience or success, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Investment Counsel Company is engaged, or continues to be engaged, to provide investment advisory services. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers (see below as to participation data/criteria, to the extent applicable). Unless expressly indicated to the contrary, Investment Counsel Company did not pay a fee to be included on any such ranking. No ranking or recognition should be construed as a current or past endorsement of Investment Counsel Company by any of its clients.
ANY QUESTIONS: ICC’s Chief Compliance Officer remains available to address any questions regarding rankings and/or recognitions, including the criteria used for any reflected ranking. Please review Important Disclosure Information set forth in the last section of this website.