This column was written by Edward Jones for use by local financial advisers. Its appearance in The Boyne City Gazette is sponsored by Ruth Skop at(231) 582-3416.
When you retire, you may well have accomplished some important financial goals, such as sending your children through college and paying off your mortgage. Yet, you can’t relax just yet, because your retirement could easily last two or three decades, which means you’ll need at least two or three decades’ worth of income — which, in turn, means you’ll need the proper savings and investment strategies in place. And, just as importantly, you’ll also need to be aware of the types of risk that could threaten these strategies.
Let’s consider some of these risks:
Retirement can be a rewarding time in your life. And you can help make your retirement years even more enjoyable by understanding the relevant investment risks and taking steps to address them.