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You really should have a strategy in place that can absorb market volatility. Most people do not because they have 100% of their money in the market.

When you’re five years from retirement, or you’re retired, and you need to generate income from the money that you’ve accumulated over your lifetime, you don’t have the long term anymore, to recover from a market correction.

A lot of people think retirement planning is making contributions to a 401 K plan or an IRA account. But that’s a very small portion of the whole planning process.

It seems like with, you know, what’s happened over the past two years with the pandemic, a lot of people are looking at retirement more closely. They want to look at maybe bad things potentially happening to their situation, how they adjust.

The only way you’re going to keep pace with inflation with risk money is for that money to have a long-term time horizon to grow. And the reason I say that is because if we’re in an inflationary environment, and you’re pulling money out of your stock investments, you’re actually preventing that portfolio from growing at a rate that’s going to help keep it ahead of inflation.

A lot of people are telling me that they’re not retiring with pensions. So, they’re a little bit worried because, you know, they’re looking at what their income is going to be in retirement, and maybe the only income that they’re going to have is Social Security.