Have You (or Your Parents) Reviewed Your Investment Portfolio Lately?


If you or your parents have a retirement account or any investment accounts for that matter, now is the time to get connected to how those accounts are invested. While you may have outsourced all of this to a broker in the past, you can no longer afford to allow your investments to be made without your clear understanding of exactly what you are investing in, how, and whether your investments align with your plans for the future.

My colleague shared a story that hit home with me, and it may for you as well.

After my colleague’s grandmother died, her grandmother’s retirement and investment accounts went directly to her mom due to the estate planning they had set up. No court process. No intervention. No conflict. Great!

But my colleague’s mom then never looked at the investments in those accounts. She just let them stay as they were for four years until finally, her daughters convinced her to look.

When they did look, they were mortified to find that even though the investments should have been gaining with the bull market we have been in for the past many years, the accounts had actually decreased over the years from $100,000 to $60,000. If my colleague and her mom had looked at these accounts and re-allocated them when grandma died, this would not have been the case.

Fast forward to now, and the daughters think to look at mom’s retirement accounts with her, only to discover that mom has a 401k with $180,000 in it and it has lost $17,000 over the last two weeks. Mom had picked her investments with the help of a friend many, many years before, and hadn’t looked at those investments since. My colleague’s mom is mostly invested in high-growth ETFs, which may have been the right choice when she was building her retirement fund, but definitely is not the right choice given that she retires next year and will need to start making withdrawals to replace her income.

If mom does not get her money into safer investments now, her daughters could end up needing to support her for the rest of her life.

So, why am I sharing this story with you? Because now is the time for you to get connected to your investments, even if they are in a retirement account and invested through a broker or advisor. This is simply not the time to set it and forget it. It is time to know what you have, and make intentional, aware choices about how your resources (and your parents' resources) are being used.

Now is the time to truly understand what you have, and use it wisely.


Educate Yourself


If you or your parents have a retirement account, and you are not intimately connected to how your assets are being invested, it is time to get more involved. Log in to your retirement account or pull your last statement and look. Many brokerages select investment funds for their clients’ portfolios based on rates of growth. They will offer investment options based on a few tiers of growth and risk, and very often you have no idea what your assets are actually invested in.


Labels like “slow-growth” or “conservative” or “high-growth” or “income” are not enough to tell you exactly where your money is invested. So what you want to do now is look at your statement, which should contain the names of the funds chosen for you, then go from there to do your research. Look up each of the funds on sites like Yahoo Finance to see what you are investing in and whether you understand these companies, believe in their future growth, and want to stay invested there.


If your investments are tied to an index, like the S&P, are you willing to keep betting on its growth? If not, now may be the time to make a shift. It is possible that you have some losses right now, so you will have to decide if you want to lock in and limit those losses (and potentially trade some future gains even) to get more connected to what you are investing in now.


Go through this process with your parents, too. The money they have invested in the stock market is part of your overall family wealth. If it is not there to support them through their senior years, that financial responsibility will eventually fall to you. Having these conversations with them now can be difficult, but it is important.


If you have a broker you work with, call them now and ask to get on a video conference. Then, have them help you review each investment, why it has been chosen, and whether there may be better or other options for you or your parents.


Here is the key: make sure you understand it and do not hang up the phone until you do. If your broker is using words you do not understand, or jargon, keep asking questions until you do understand.


With everything that is happening in the world — and with the volatility of the stock market and our current reality — knowing your options is vital to preserving the life and legacy your parents have worked to build. If you need help figuring out how to best preserve these assets, we are here and ready to support you.



This article is a service of the Law Office of Keoni Souza, LLC, an estate planning law firm providing virtual estate planning as well as estate planning services at our Honolulu office. We don’t just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love. That is why we offer a Family Wealth Planning Session, ™ during which you will get more financially organized than you have ever been before and make all the best choices for the people you love. You can begin by contacting our office today to schedule a Family Wealth Planning Session and mention this article to find out how to get this $750 session at no charge.


Disclaimer: Unfortunately, I am not your lawyer unless you have paid me for legal advice and we have a signed agreement. Therefore, all information on this website is for informational purposes only and is not legal advice. You should contact an attorney trained to work with families on estate planning matters regarding your specific situation. Use of and access to this website or any of the email links contained within the site do not create an attorney-client relationship between the Law Office of Keoni Souza, LLC, and any users or any other party.

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All information available on this website is for informational purposes only and is not legal advice. You should contact an attorney directly regarding your specific situation. The use of and access to this website or the transmission of information via email or through this website does not create an attorney-client relationship between the Law Office of Keoni Souza, LLC and any users or any other party. Transmission of information via email or through this website may not be secure, therefore confidentiality cannot be assumed.  By using this website or transmitting information via email or this website, the user agrees to this information being collected, stored, or transmitted to a third-party.

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