Money Saving Tip of the Week

When Being Risk-Averse is Risky

As people approach retirement age, many shift their investments into conservative money markets and interest-bearing accounts However this might not always be the best option.

Current interest rates on many CDs, money market accounts, and interest-bearing checking accounts are not keeping up with current inflation.

Just as we can’t assume stock gains of 15% each year anymore, we also can’t be so conservative with retirement investing if we want to maintain our wealth and keep up with inflation as retirement draws nearer.

When planning for retirement, always meet with a financial advisor to go over the risks and rewards of your investing and the timeline for using your funds.

What do YOU think?  Do you tend to lean towards more conservative investments? Do you seek the advice of a financial planner when it comes to retirement planning?

For further information, call us at 360-734-8715 or email info@vshcpa.com.

Money Saving Tip