Employment Anniversaries
December Day Years Justin L Lugo 16 6 Jessenia J Lara 17 1
Skyler C Foss Jessie J Rolen Julie G Pitchford
19 8 19 8 28 21
Javier Munoz-Alvarez Mark J Powers Natasha I Pretzsch
17 1 17 7 17 12
Maintaining a Diversified 401(k) Account by Kris Lichak, Mass Mutual Even if you are getting closer to retirement, be sure to include diversification in your investment strategy. In the years approaching retirement, diversification should still be an important part of your overall retirement strategy, even if you expect to use some of your money in the next few years. Why is diversification important? Diversifica tion is spreading your money out over different at different types of investments to help reduce risk. Consider the following – When you will actually need the money – at retirement, you may not need all of your retirement savings at once. Retirement can last many years and diversification can help you with the portion of your money you want to keep invested for growth. The key is to find balance between preservation – for the money you need sooner rather than later- and growth, for money you don’t need for years later in life. Longevity risk – While you can’t predict how long you will live, it’s important to plan so you don’t run out of money at some point during your retirement. For example, there is a 50% chance that one member of a healthy 65-year-old couple will live to be 93 years of age. That means if you retire at age 65, you could potentially need 30 of retirement income, or even more if you retire early. Your risk tolerance – Most people think of investment risk as the risk that an investment won’t bring the return you hoped for. But how do you feel about inflation risk? Inflation risk is when inflation outpaces the return on your investment. Conservative money market and bond investments are higher in inflation risk than equities. Again be sure to take both a short-and long-term view. Then – how to diversify? Your retirement plan offers a range of investment options, making it easy to find a good mix of a few different types of investments. Remember that mutual funds, which pool the money many investors, help you diversify by investing in a variety of different companies and industries. A good way to determine you diversification strategy is to use the Asset Allocation Questionnaire Calculator on www.retirement.com You can learn more about diversification at www.retiresmart.com and if you have questions call 1-800-743-5274.
Go Cubs Go! Dear Friends at Crest Foods: Thank you for the tickets to the Cubs game against the Mariners (September 2nd). Two of our staff accompanied two of our folks who attend the Village of Progress. They all had a blast. Perfect weather and our Cubbies won their game! The tickets were very generous of you. Thank you for caring about the men and women we serve. And thank you for part- nering with us. Brion Brooks (Village of Progress, Oregon, IL) (Pictured are Karen, Dee and John from the Village of Progress)
October, November & December 2019 Crest Ink 23
Made with FlippingBook flipbook maker