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Summer School

The stock market is down, and inflation is up.

No wonder a recent AARP survey revealed that nearly 40% of survey takers over the age of 60 said they are “very or extremely worried that their money will not last.” Furthermore, only 16-18% of those surveyed reported “significant improvements in their money situation” over the last ten years, even with the recent bull market.

Are you one of them?

The goal of saving enough money, investing it wisely, and then spending it sensibly through retirement can seem overwhelming.

It doesn’t have to be.

For those of you who are committed to taking responsibility for a financially secure retirement, it is time for a quick refresher course on the ground rules for Coffeehouse Investors.

Instead of focusing on the stock market and inflation headlines, focus on three timeless money principles that are in your control:

Don’t put all your eggs in one basket: the key to building a successful portfolio is to diversify your assets in such a way that you maximize your chances of reaching your financial goals with a minimum amount of risk.

There is no such thing as a free lunch: because markets are efficient, any attempts to beat the market through active security selection is likely to prove disastrous to your long-term financial health. Thus, it is essential that your capture the entire return of each asset class, a goal easily accomplished through low-cost index funds, and leave it at that.

Save for a rainy day: developing a long-term financial plan, with a keen eye on your saving and spending levels, is essential for you to reach your long-term goals.

Remove your financial worries and let's strategize a plan to get you through retirement.