Step 2: Balance your risk and reward
Now that you’ve thought about your goals, let’s determine how much risk you are comfortable taking on. For many, volatility can be nerve-wracking.
Different investors have different tolerances for risk. Much of the difference stems from how much time you have to recoup any loss in value (time horizon). Then it’s really up to your willingness to accept uncertainties in your investment performance (risk aversion). This risk questionnaire can help break it all down for you in eight key questions, or an AXA Advisors financial professional can take it from here.
Now it’s time to take the next step. Where do you stand in terms of earnings, expenses and savings? Knowing where your dollars are going will help you figure out what adjustments you can make and how you can continue working toward your goals.
If you’re ready to take the next step, contact your financial professional or contact an AXA Advisors financial professional - we’re here to take the worry and anxiety out of retirement planning and choosing life insurance. Together, we can review the specifics of your situation and explore customized solutions. The research and insights we can provide can help point you in the right direction and find the solutions you need to bring your goals to life.
Life insurance products are issued by AXA Equitable Life Insurance Company (NY, NY) and MONY Life Insurance Company of America (AZ stock company, administrative office: NY, NY). Life Insurance contains exclusions, limitations and terms for keeping it in force. For costs and complete details, contact a Financial Professional.
Variable products are co-distributed by AXA Advisors, LLC (member SIPC) and AXA Distributors, LLC.
AXA Advisors financial professionals offer securities through AXA Advisors, LLC (member SIPC).
Please note: this guide is for informational purposes only and is not intended to take the place of a complete financial needs analysis.