In The Media

ABC KSTP

Ryan Litifn | Retirement tips for millennials and baby boomers in 2017

Millennial Retirement tips: Invest with purpose, reduce downside, potential loss, use modern day vehicles, innovations

Baby Boomer Retirement tips: Don’t outlive your principal, plan for the worse, Implement a “Preventative Wealth Care Plan

What happened when ABC-TV asked us to talk about retirement

We were honored when KSTP channel 5, the Twin Cities’ ABC-TV affiliate, asked Ryan Litfin to drop by the studio to talk about saving for retirement. His interview with news anchor Brandi Powell gave him an opportunity to stress that there’s no better time than now to get started. He also got to explain why Vincent Asset Management’s Preventative Wealth Care™ process makes so much sense.

Brandi commented that while saving for retirement typically crosses our minds as the new year approaches, it’s common for people to decide to worry about it later. But the time to start saving is now. A year from now, you’ll wish you started today. For younger savers, it doesn’t matter how much you’re putting aside. It’s more important that you develop a process – a habit – for doing so. Older savers have less time to grow their savings and recover from any losses along the way. It is even more important that they preserve what they have.

As you’ll see in this interview, Brandi asked Ryan to elaborate on good investment vehicles. He explained that, just as we used to ride horses and now we drive cars, things are always changing in the investment world. We have investment vehicles that didn’t exist 10 years ago. If there was more time on air, he would have elaborated that investment markets go way beyond stocks, bonds and annuities. Those of us at Vincent Asset Management routinely talk with our clients about other viable market categories including direct participation real estate.

Ryan explained to Brandi and the KSTP-TV audience that we preach wealth preservation through education. Our trademarked Preventative Wealth Care process is based on the concept of preventative health care. Our health is important. Our wealth is important. Those must go hand in hand. Just as you exercise and follow a sensible diet to help prevent health problems, protecting your wealth also means being proactive. You wear a seatbelt while in a car. We believe you need to take similar precautions in the investment world to avoid problems.

An essential component of Preventative Wealth Management is making smarter choices. As we alluded to earlier, there are different options in today’s world. You wouldn’t attempt to build a house with a strong foundation using just a hammer. You need other tools, each of which operates differently, to accomplish your goal.

Wealth preservation happens by educating yourself about your investment options. We strongly encourage you to take the time to learn how to protect your hard-earned savings. Ryan Litfin writes blogs every week designed to educate people and remove some of the mysteries from what he believes is smart investing. We encourage you to subscribe to our RSS feed. Follow us on Facebook, LinkedIn and Twitter.

A year from now, you’ll be glad that you didn’t put off educating yourself and creating your own  Preventative Wealth Care portfolio.

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