Fiduciary News

Are investors who fail to learn from history doomed to repeat it? – We hear millennials prefer to buy annuities than to save in a 401k or IRA and invest directly (and at a lesser cost) in the stock market. Well, this is bad news and good news. The bad news is that those that don’t learn from history are condemned to repeat it. How many baby boomers who, when they were in their 20s and 30s, overweighted in stable income options and now find themselves behind the eight ball when it comes to retirement savings? The good news? At least annuities are a step above the mattress pad their equally naïve great grandparents used to save their retirement money in following the Great Depression.
[bpfb_link url=’http://www.benefitspro.com/2015/07/29/investing-is-hardits-harder-if-youre-stupid?eNL=55b927a4150ba0830fc1b4f6&utm_source=BPro_RetirementAdvisorPro&utm_medium=EMC-Email_editorial&utm_campaign=07302015&_LID=175252534′ title=’Investing is hard—it's harder if you're stupid | BenefitsPro’ image=’http://media.benefitspro.com/benefitspro/article/2015/07/29/0721nycnitebldgsap.jpg’]As John Wayne said about life, so it is with investing: It’s hard; it’s harder if you’re stupid–that is, inexpert. Which is why an advisor needs to say no sometimes.[/bpfb_link]