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“You need to manage your stress.” How many times have you heard those words from your doctor or spouse — or maybe said them to yourself?

The thing about stress is that the problems it causes often lurk beneath the surface. It’s easy to ignore the effects of stress until they lead to a major health problem — high blood pressure, headaches, stomach issues or even a heart attack. Plus, dealing with the aftermath can cost precious time and energy.

Just like your physical health, your financial health also can be threatened by stress. Your portfolio may appear healthy and thriving, but without proper attention, it could develop weaknesses that might not show up until economic conditions shift or you experience a life change like retirement.

One such concern is the market risk in your portfolio, which could expose you to significant losses if the market drops. As stocks have risen in recent years, it’s been tough for investors to think about anything but watching their account balances grow.

But all good things must eventually come to an end. If the market hits a major speed bump, retirees and soon-to-be retirees may regret not protecting their nest egg by moving their assets to safer strategies.

Another concern can arise when investors ignore how the money in their different investment accounts has grown — and how it will be taxed when they make withdrawals.

Investors often establish accounts at various times in their life and for various needs — an IRA here, an annuity there — until they end up with an assortment of assets that aren’t designed to work together cohesively to reach their goals.

A financial “stress test” can identify these portfolio concerns, so that you can generate a plan that helps avoid future financial ailments.

Here’s how you can diagnose and treat any existing symptoms or potential problems:

Discuss your goals. Every saver has short- and long-term goals. Perhaps you want to explore early retirement. Maybe your goal is to work until you’re 65, then travel or spend more time with your family.

Understanding your goals is a crucial step in pinpointing potential issues in your current portfolio.

Examine what you have. An analysis of your existing assets can help you develop a clearer picture of what stressors are hiding in your portfolio and overall retirement plan. A healthy portfolio will present a mix of asset types, balanced specifically to meet your individual goals.

These assets typically fall into one of three “buckets,” each designed with a specific purpose:

—Safety: Assets in the safety bucket are protected and liquid, and they’re meant to be accessible. They include things like cash, savings and money market accounts and certificates of deposit.

—Income: The income bucket includes assets that can act as a “paycheck,” providing money both now and in retirement. These investments should be reliable and capable of outpacing inflation. Income investments can include dividend-paying stocks, bonds, real estate rentals or annuities.

—Growth: These assets carry the greatest risk, but they’re meant to bring the biggest returns over time through capital appreciation and compounding. Stocks, exchange-traded funds (ETFs) and mutual funds can offer portfolio growth.

Prescribe a plan. After identifying your current position and where you want to go, you can create a strategy to help bridge any gap. This involves identifying the proper mix of assets for your plan, and realigning existing assets to relieve any pressure points in your portfolio.

Avoid a financial breakdown. Recent market volatility is a crucial reminder to be proactive with your financial health. Identifying and reducing potential sources of stress in your portfolio is the best prevention against future problems.

Make your financial health a priority; don’t wait until an unexpected problem or hidden ailment forces you to act.

Anthony Pellegrino is a Registered Investment Adviser and founder of Goldstone Financial Group. Kim Franke-Folstad contributed to this article.

This article was written by and presents the views of the authors, not the Kiplinger editorial staff. Check adviser records with the SEC or FINRA.

© 2019 The Kiplinger Washington Editors, Inc. Distributed by Tribune Content Agency, LLC.