Historically, the market has acted just like a child on an escalator with a yo-yo. While the yo-yo goes up and down, the market as viewed over a long period of time has continued to trend upward. It is important to focus on time in the market rather than market timing. When trying to “beat the market” you have to be right twice – when you get in and when you get out.

Creating a well-designed, comprehensive financial plan is just the beginning because you then need to execute it. Your plan must be prepared for market ups and market downs. Make sure that the level of risk in your retirement portfolio is right for you based on your personal situation.