Every day newspapers carry headlines that worry retirees. The challenge is learning about the risks. While the world is changing and the markets evolve over time, learning and understanding risk and the obstacles can be a challenge. Here are some simplified ideas. The wealthy invest their money...
Read PostRetirement Mistake No.3: Four Major Pitfalls of Retirement
Most retirees have a plan. Miss one of the four key numbers in your calculations, and you could be headed for disaster. Investing in retirement can be tricky, as it requires that you consider several factors of lesser concern to younger investors. Make a mistake and you could find yourself...
Read PostRetirement Mistake No.2: Not Seeing Danger Signs in Your Portfolio
Problem: Unless you’re an asset-allocation specialist, how do you know whether your portfolio is matched to your risk tolerance?Here’s a fact for you. In a study by Brinson, Singer, and Beebower (1991) Financial Analysts Journal, asset allocation accounts for 91% of portfolio performance,...
Read PostRetirement Mistake No.1: No Clear Written Retirement Plan; Not Taking Control of Your Financial Future
The road to financial freedom, wealth, and prosperity requires an accurate map that will let you plot a journey, monitor progress, and change direction if you venture off course. To help you get there, here are ten ideas for developing a sound financial plan with your financial professional....
Read Post