Retirement Guys: Don’t get burnedWritten by Nolan Baker Mark Clair | | email@example.com
I know, I know, the weather absolutely stinks. Can it rain anymore? Everyone is so sick of rainy chilly weather we are all about to scream. What is the deal with spring? It seems like it is delayed about a month. The flowers blooming in our front yard are about a month later than normal. Up until recently, I (Mark) have not minded the weather in Northwest Ohio and have enjoyed the changes in the seasons.
My wife Lisa loves the warm weather and keeps telling me we need to head for a warmer climate. With the ridiculous weather we have had I am now starting to see it more her way. I don’t think I am ready to give up my favorite season, which is fall, though. I enjoy football season and the crisp cool air too much. Despite this lousy weather, I am thankful for a brief 36-hour window of great weather for my daughter Caitlyn’s recent high school graduation party. It was held at Olander Park and a good time was had by all with weather exactly how it is supposed to be this time of year.
Hang in there. Many things in life require perseverance. If things are not going well, it will get better. If you are struggling financially, relief will come. If a relationship is going through a rocky patch, it will smooth out. If you are going through a spiritual dry spell, the springs of living water will flow again soon. And trust me, summer is coming. How do I know? It does every year. When it does come, be careful to not get burned. Enjoy the warmth. Enjoy the sun shining down on your face. Be careful, though. Too much of a good thing can hurt.
My dad used to kid me about my pale complexion. He used to call me “lily white.” I joke around that my skin is so white that it is a slight shade of blue. Thus, I have to be careful when I am exposed to the sun. This was evident by my recent trip to Marco Island for spring break. One day of about a half-hour too long in the sun and my skin turned the color of a lobster.
Speaking of getting burned, there are things other than too much sun that can cause you to get burned. Some of them can be life-changers. How many out there reading this got burned by the stock market in 2008? You know who you are. Oh but that is over and everything has come back to where it was. No reason to worry about getting burned again, right? Think again, sunshine. Just like one learns to apply sunscreen when venturing outside when the sun is the hottest, one also should take steps to protect against too much downside risk in your investment portfolio. Many believe it is not a matter of if the stock market will have a steep decline again, but it is only a matter of when. Refusing to believe this is like falling asleep in the sun.
There are protective measures you can apply to your investments like applying sunscreen to your skin. Most sunscreen does not filter all of the sun out, but does protect you from most of the dangerous rays. There are tools in the investment world that can act like sunscreen. Tools that can reduce your exposure to the dangerous sunrays called market volatility (a kind way of saying your account dropped like a rock). Nolan, being a former electrician in the Marine Corps, likes to refer to these tools as circuit breakers. They are various tools that can help reduce your portfolio’s exposure to danger.
You owe it to yourself to enjoy the great weather when it comes. You also owe it to yourself and your happy retirement to find out how you can apply a little sunscreen to your life savings. Check into it today. Don’t get burned. O
For more information about The Retirement Guys, tune in every Saturday at 1 p.m. on 1370 WSPD or visit www.retirementguysradio.com. The office is at 1700 Woodlands Drive, Suite 100, Maumee, OH 43537. (419) 842-0550.