When I meet with new clients, I always have them take of Risk Tolerance Quiz to help me determine the best mix of equity and income investments for them to have a long, successful retirement. A common mistake that many people make when they retire is moving a sizable percentage of their investments to cash or income investments. They think that they need to be safe as they start their retirement journey. What I remind them of is; they will hopefully live 25 or more years in retirement, and they will need growth from equity investments. Mutual funds invested in quality stocks can provide growth with more protection than buying individual stocks. Growth is what helps us stay ahead of inflation. Inflation can take a big bite out of our purchasing power.

No one wants to have to think about how every dollar is spent on retirement. If you want to take our risk quiz, contact me at n.hecht@financialgroup.com.

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