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Investing By Age
Home Finance Wealth-Building
By: Chris Laffey Email Article
Word Count: 1073 Digg it | Del.icio.us it | Google it | StumbleUpon it

  

What Is The Real Risk?

As much as we can focus on the risk of loss, that is not the only risk that matters. A person can consistently save a little each week for 40 years and invest that money very conservatively and never see a down year in their portfolio. However, that same person could find themselves 10 or less than 20 years into retirement with no money, then requiring total dependence on the Aged Pension, even though this investor was completely risk averse.

Investors should be aware that this risk of failing to accumulate enough assets to last through retirement is a real risk and a real problem to be addressed.

So, What To Do?

Firstly, plan for a healthy, happy retirement. Be very suspicious of any simple rule-of-thumb about how much to save or how to allocate and invest your hard-earned savings. Think carefully and seriously about what your actual retirement needs are and speak with a qualified investment advisor. Be informed, consider what your retirement goals are and how you will be able to achieve them. Be honest with your advisor. If you can not speak openly and honestly with the advisor you have chosen, find another to whom you can speak openly and honestly. Remember the advice may cover such issues and recommendations that you don't like - such as your need to lower your spending expectations in retirement, save more today, seek higher investment returns, or perhaps all three plus others for you to consider. Be informed and carefully consider your appetite for risk - you may consider that the risk of running out of money in retirement is worse than losing some money today, and that the long-term benefits of diversification outweigh the risks.

For further information speak with a Leenane Templeton Financial Advisor

Disclaimer

The information contained in this document is based on information believed to be accurate and reliable at the time of publication. Any illustrations of past performance do not imply similar performance in the future. To the extent permissible by law, neither we nor any of our related entities, employees, or directors gives any representation or warranty as to the reliability, accuracy or completeness of the information, or accepts any responsibility for any person acting, or refraining from acting, on the basis of information contained in this communication. This information is of a general nature only. It is not intended as personal advice or as investment recommendation, and does not take into account the particular investment objectives, financial situation and needs of a particular investor. Before making an investment decision you should read the product disclosure statement of any financial product referred to in this newsletter and speak with your financial planner to assess whether the advice is appropriate to your particular investment objectives. financial situation and needs.

Notice

Except as required at law, Leenane Templeton The Self Managed Super Specialists Pty Ltd does not represent, warrant and/or guarantee that the integrity of this communication has been maintained nor that the communication is free of errors, virus, interception or interference. It is the responsibility of the recipient to virus check this web site and any attachments.

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Also visit our Self Managed Super Fund web site.

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