• Skip to primary navigation
  • Skip to main content

Armstrong, Fisch & Tutoli

Attorneys At Law

858-453-0626
  • ATTEND A FREE SEMINAR
    • In-Person Seminars
    • Online Seminars
  • Home
  • Who We Are
    • About Our Firm
    • Attorney and Staff Profiles
  • Estate Planning
    • Business Owners & Asset Protection
    • Incapacity & Caregiver Support
    • IRA Inheritance Planning
    • Minor Children & Young Adult Planning
    • Outdated Estate Planning Documents
    • Powers of Attorney, Healthcare & Emergency Documents
    • Remarriage & Blended Families Protection
    • Special Needs Planning
    • Wills & Trusts
  • Estate Administration
    • Trust Administration
    • Probate
  • Elder Law
    • Are You A Caregiver?
    • Coping With Alzheimer’s
    • Emergency Medicaid & Nursing Home Planning
    • Hospice Care
    • Incapacity Planning
    • Medi-Cal & Elder Law Planning
    • Medicaid Planning
    • Options for Paying for Nursing Home Care
    • Veteran’s Benefits
  • Resources
    • Estate Planning Resources
      • Estate Planning Definitions
      • Estate Planning Reports
      • Estate Planning Checkup
      • Is Your Estate Plan Outdated?
      • Top 10 Estate and Legacy Planning Techniques
      • Incapacity Planning Definitions
    • Elder Law Resources
      • Elder Law Reports
      • Elder Law & Medi-Cal Definitions
    • Trust Administration & Probate Resources
      • Bereavement Resources
      • The Mourner’s Bill of Rights
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Things You Need To Do When a Loved One Passes Away With a Will
      • How to Know if You Need Extra Help With Your Grieving
    • LGBTQ Resources
    • Special Needs Resources
    • Frequently Asked Questions
      • Estate Planning FAQs
      • Trust Administration & Probate FAQs
      • Legacy Wealth Planning FAQs
      • LGBTQ Estate Planning FAQs
      • Incapacity Planning FAQs
    • DocuBank
  • Reviews
    • Review Us
  • Videos
  • Blog
  • Contact Us
  • Show Search
Hide Search

THREE COMMON RETIREMENT INVESTMENT ERRORS

Courtesy of Armstrong, Fisch, & Tutoli Attorneys at Law · November 11, 2019 ·

When you create a financial plan for your retirement, saving is essential, but investing your savings is equally significant. As your retirement plan takes form, watch out for these common investment errors.

Not Diversifying

Diversifying your investment means putting your capital into a variety of money making opportunities. If you prefer safe investments, focus on money market accounts, and government bonds. If you are also concerned with inflation, the stock market is a place to potentially grow your funds over a long time horizon. With any investment, remember to diversify. Investment diversification can help provide both safety and growth. Asset Allocation and/or Diversification of your overall investment portfolio does not assure a profit or protect against a loss in declining markets

Removing Funds Early

When you have a retirement account, you should leave the money in there until you retire. If you take any or all of it out early, you may be assessed a penalty, and you may also lose some of your investment earnings. For example, if you have invested part of an IRA in a Certificate of Deposit, and you pull it out before the five year required investment period, you will lose three months of earnings.

Not Investing

Another common retirement savings error is not investing your savings. When your funds sit for a long period of time in just one account, you run the risk of the interest earnings from that account being less than the rate of inflation. When this occurs, the value of your funds will decrease over time. Investment isn’t just about growing your reserves; it is also about keeping the value of your money above the rate of inflation.

Securities offered through Avantax Investment ServicesSM, Member FINRA, SIPC. Investment advisory services offered through Avantax Investment ServicesSM. Michele Tutoli insurance License # 0D57837. We currently have individuals licensed to offer securities in the states of Arizona, California, Colorado, Hawaii, Idaho, Illinois, Missouri, New Jersey, North Carolina, Nevada, New York, Oregon, and Utah. This is not an offer to sell securities in any other state or jurisdiction.

  • Author
  • Recent Posts
Courtesy of Armstrong, Fisch, & Tutoli Attorneys at Law
Latest posts by Courtesy of Armstrong, Fisch, & Tutoli Attorneys at Law (see all)
  • UNDERSTANDING YOUR 401(K): TRADITIONAL VS. ROTH - November 11, 2019
  • HOW TO ENSURE YOUR INSURANCE MONEY GOES TO THE INTENDED BENEFICIARY - November 11, 2019
  • THREE COMMON RETIREMENT INVESTMENT ERRORS - November 11, 2019

Armstrong, Fisch & Tutoli, Attorneys at Law

Armstrong, Fisch & Tutoli, Attorneys at Law

WHERE WE ARE

Armstrong, Fisch & Tutoli, Attorneys at Law
6050 Santo Road, Suite 240,
San Diego, CA 92124
Phone: 858-453-0626

Securities offered through Avantax Investment Services SM, Member FINRA, SIPC. Investment Advisory Services offered through Avantax Advisory Services SM. Placing business through Avantax Insurance Services SM. CA# 0D57837

OPENING HOURS

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
FridayClosed

Map

Map
  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

© 2023 American Academy of Estate Planning Attorneys, Inc. | Disclaimer | Privacy Policy | Disclosures