Financial Planning Tip of the Month

This month we want to focus on saving and investment basics.

We thought we would share our Top 10 list of Favorite Saving and Investment Quotes to Live By that we have gathered over the years.

We hope you find them useful.  They are in no particular order.  We love them all !

#1  Save as much as you can for as long as you can -unknown author

#2  "Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett

#3  Invest with a "Margin of Safety" - Benjamin Graham

#4  "Know what you own and why you own it" - Peter Lynch

#5 "Begin with the end in mind" - Stephen Covey

 #6  "An investment in knowledge pays the best interest." - Benjamin Franklin

#7  "In investing, what is comfortable is rarely profitable." - Robert Arnott

#8  "It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for." - Robert Kiyosaki

#9  "Buy Low and Sell High. It's pretty simple.  The problem is knowing what's low and what's high."  - Jim Rogers

#10  "If you really think of it, when a stock doesn't pay dividends, there really isn't a whole lot of difference between a share of stock and a baseball card.  "If you put your Mickey Mantle rookie card on your desk, and a share of your favorite non-dividend paying stock next to it, and let it sit there for 20 years. After 20 years you would still just have two pieces of paper sitting on your desk." - Mark Cuban

Economic and Market Commentary

We recently reviewed the results of a 2017 study on Retirement Security performed by The National Institute on Retirement Security (NIRS).  NIRS is a non-profit research and education organization established to contribute to informed policymaking by fostering a deep understanding of the value of retirement security to employees, employers, and the economy as a whole.

At RAA, we spend a great deal of time with clients helping them prepare for retirement.  We hear many concerns among our clients.  Some of the most common are as follows:

Are we saving enough for retirement?

Will we have enough to be able to retire?

How will we turn our assets into income in retirement?

Will we outlive our assets?

The following few slides from the presentation from NIRS really hit home with us.  We wanted to share them with you this month.  

Fortunately, RAA is here to help!  If you or anyone you care about shares these concerns, please call us to schedule a meeting today.    

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