If you are unfamiliar with the financial world or have never handled your finances, choosing an investment, especially during retirement can feel overwhelming and scary. Making large financial investments or buying a financial product such as a life insurance policy or annuity at any stage is scary. However, when you are in retirement, it is more so because you have less time to make up for mistakes and often do not have a flow of income that can take the place of lost funds. For these reasons, you need someone who is on your side to aid you in the decision-making process, as well as sound financial practices. Today, we are going to talk about a means for choosing investments at any age, especially during retirement, in Naples.


First, you must identify your financial goals. Often, clients will make an investment in a financial product that sounds like a great idea, but does not line up with their financial goals and the amount of risk they are willing to take. Before you make any additional financial investments, think about your financial goals and ask yourself if the investment in question will likely serve your needs. Your financial goals can be broad or specific: You want to have another stream of income or you want to buy a new car. If you aren’t sure what your goals are, before you do anything else, write down how you would like your financial situation to improve, when you would like to achieve your goal, and the amount of risk you are willing to take.

Financial Personality

Next, when considering a new investment opportunity, you need to think about your financial personality. Are you someone who has a mind for playing the market or do you prefer to make investments with a near sure payoff? When you consider the margin of risk that you are willing to take, be realistic; if you are unsure, then speak to a financial advisor. A financial advisor, due to their professional expertise and their experience, will be able to help you figure out what investment is best for your goals and your financial personality.

The Market

Over the years, the market has changed. This probably seems like an obvious point, but sometimes we find our more mature clients wishing to make investments that are no longer lucrative in the modern market. There are many aspects to consider when looking at the market. However, if you don’t know what the DOW is or the price of gold, that is completely fine. This is where a financial advisor can help. They will know how to interpret the behavior of the market and relate it to your investments and overall financial situation.

Stay tuned for part 2 of our blog series to learn more about all the aspects that you must consider when making strategic and successful financial decisions and strategies.

Ready to Make a New Investment?

Are you ready to make a new investment and find prosperity? The financial advisors of Naples Life Insurance and Annuity Advisors not only have the skills needed to help you find success, but always focus on the needs of our clients in all that we do. Our CEO and Founder, Chris T. Christensen has been a financial advisor for over thirty years and speaks all over the country offering viable and practical financial strategies. If you are interested in knowing more about how a life insurance policy or annuity can help you find prosperity, visit our website.

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