5 MUST-KNOW INVESTING AND RETIREMENT TIPS and grandparents typically pass down many things to the next generation like jewelry, furniture P and arents other family heirlooms. But what if the best thing staying invested in the market. When asked about what they would do in fluctuating markets, only three in 10 (32 percent) would adapt their strategies based on market conditions. that the preceding generation passed along was their financial wisdom? Through years of investing and saving for retirement, Baby Boomers have experienced 2) Keep an eye on fees — Low fees and transparency really matter to Boomers. Ninety-four percent of a lot and learned many helpful lessons along the way. retired Boomers want to be able to easily understand the fees they pay, and 78 percent stressed low-cost A recent survey from Capital Group®, home of the simple investments to buy and hold for the long term. American Funds® and one of the world’s leading investment management firms, studied the dynamics 3) Diversify your portfolio — Eighty-five percent of for Boomer investors as they transitioned into retired Boomers believe that building a diversified retirement. The survey revealed what expenses cause portfolio is one of the most important elements for a the most sticker shock for retired Boomers, why they safe path to a better retirement. retire earlier or later than they planned, how they see the financial markets performing over the next 10 years, and their goals for growing their retirement nest 4) Protect yourself against market downturns — Eight in ten retired Boomers stress the importance egg to ride out the market’s ups and downs. of protecting their nest egg and lowering the risk of Five Golden Rules From Retired Baby Boomers losses during market downturns. Thirty percent of Boomers wish that they had learned sooner what to do in turbulent markets - near the top of the list of lessons Boomers have learned many lessons - some good, learned. some bad and all beneficial to future generations of investors. Here are five rules that these seasoned 5) Start saving early and often — Eight in ten retired investors found to be essential to saving for a secure Boomers believe saving a portion of monthly income retirement. toward retirement is one of the best things you can do, and 60 percent said they wished they had started 1) Stay invested for the long term — A large majority investing as young as possible. (92 percent) of retired Boomers say that Americans need to save more for retirement by getting and continued on pg. 44 8 | WINTER GARDEN MAGAZINE | MARCH 2018 Winter Garden Florida