This week on The Retirement Matters Show, Dale discusses the power of Compound Interest and time. When used together these two components will have a positive effect on your life as you near retirement. When it comes to investing your money, time is the most important factor. Dale urges younger listeners to start "paying yourself first" now, so you can reap the benefits in retirement! However, if you are already retired or are nearing retirement, you should begin to transition your mindset from trying to GROW your retirement accounts to ensuring your income goals are met. During this time, losses hurt you more than gains can help you and your mentality is more about protecting, not compounding.
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This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.
