Generally speaking, the longer you invest, the more potential your money has to grow. If you are still trying to recover from losses in recent years and you’re looking to get back on track to accumulating wealth, you may want to consider a more aggressive asset allocation with at least a portion of your money. However, those who have lost in the stock market may sometimes be slightly warier of approaches that increase their market risks.
If that sounds like you, there are more conservative investment options available that provide the potential for wealth accumulation. Using these investment options in conjunction with insurance contracts, such as annuities, can help you design a more conservative retirement strategy. The last thing you want to do in retirement is lose more ground during another market correction.