At Safe Harbor we believe that the key to successful long term investing is maintaining an appropriate asset allocation among stocks, bonds, and cash reserves that is congruous with risk tolerance, time horizons, and return requirements.
I think it is safe to say that for anyone who has spent time cleaning out someone’s house after a life changing event the words “I wish [Mom and Dad/Grandma/Aunt Mildred, etc.] had more stuff!” have never been uttered.
Opening your mail in January can be an unpleasant task. Not only do you see the credit card statements for all of those special Christmas gifts and activities you start seeing lots of mail items with a notice that it contains "Important Income Tax Information." This can only mean that the march to April 15th has begun.
Submitted by Safe Harbor Financial Advisors on January 14th, 2015
While our extended longevity should be greeted with gratitude for the possibility of enjoying a longer life with our grandchildren, many retirees are approaching it with trepidation, wondering if their hard earned assets will be sufficient to fulfill their vision of a good life for the rest of their life – however long it should last.