Amazon (AMZN) shares retreat after wide Q2 earnings miss >>> READ MORE

A Million Dollars Isn’t What It Used to Be

New rules for a new reality in retirement

    View All  

Controlling Financial Risk

If you feel extremely behind in your retirement, you may have made some mistakes in the past. However, remember there’s only one thing worse than making one big mistake – it’s making two big mistakes.

We cannot put more of our life savings in high-risk investments to try to pick up the slack. That is like a gambler doubling his bet to make up for his losses – and we all know how that story ends. We are at a point in life where a do-over is unlikely. The consequences of losing a major portion of our nest egg are too catastrophic to justify foolhardy risks.

So, while it’s tempting to play catch up by taking on more risk, we recommend staying safe instead of possibly getting yourself in even deeper trouble. You may have to adjust your lifestyle a bit, but that is much better than losing a major portion of your life savings to a poor investment decision.

Some of my Money Forever regular readers are already retired and some are a few years out. Either way, they have all committed the time and resources necessary to become their own money managers—to continually learn more about handling their money. Remember: no one has more of a vested interest in you getting this right than you do.

From the very first issue of Money Forever our goal—my mission­­—has been to help those who truly want to take control of their retirement finances. I want our subscribers to have more wealth, a better understanding of how to create an income-producing portfolio, and confidence their money will last throughout retirement.

With that in mind, I’d like to invite you to give Money Forever a try. The current the subscription rate is affordable – less than that of your daily senior vitamin supplements. The best part is you can take advantage of our 90-day, no-risk offer. You can cancel for any reason or even no reason at all, no questions asked, within the first 90 days and receive a full, immediate refund. As you might expect, our cancellation rates are very low, and we aim to keep it that way. Click here to find out more.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC