The two most common money mistakes made by the retirement-minded are:
Putting all of their retirement assets in short-term savings solutions.
If you have your retirement money in places that allow you immediate or unlimited access, you’re paying a dear price for liquidity. Not all of your retirement money will be needed at the same time; therefore you may need to space your investments so they come due when needed, yet retain enough flexibility to take care of an emergency should one arise.
Unknowingly taking risks they can’t afford.
Far too many people have all their retirement money in the “market” and exposed to the risk of principal loss. Certainly, some of your money needs to be in short-term places that give you access without penalty. Some may be able to afford the risk of the market with some of their retirement money, but too much in either place could cost you.
Where to Put Your Money?
There is no one “best place” to put your retirement money, because each individual and couple has unique requirements, different tolerances for risk and different needs at different times. Likewise, there is no one place to keep your money that fits everyone for exactly the same reasons. In order to make sure your money is in the “appropriate place for you”, your unique circumstances must be taken in to consideration. This is where we can be of service.
Arbor Mutual Wealth Management will take your unique situation and desire into consideration while planning for your retirement. Tell us what you need. We’ll help you get there.