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Brennan Financial Services
14785 Preston Road, Suite 780
Dallas, TX 75254
Phone: 972-980-PLAN
Fax: 972-980-7859
info@brennanfinancialservices.com
Street Smarts
What Long-Term Retirement Investing Means
Years ago in corporate planning sessions, departments were requested annually to develop and maintain a budget that included projections on a one, three, five and ten year basis for expenses, sales and earnings. With the world moving so fast and new competitors taking market positions, five years is now considered to be long term in most corporate planning.
In the investment community, it is generally accepted that short-term horizons are considered to be up to 18 months and long term horizons are generally considered to be five years or longer. That should be important for family financial planning because as Americans live longer, the potential of running out of money during a lifetime becomes more concerning if the investment strategies are not viewed for the long term. It is widely accepted that one of the greatest risks for all is running out of money. Nothing could be more disastrous than reaching old age without resources to support our lifestyle. In fact if that happens on a widespread basis the country could fail.
The news media presents multiple stories through 30-second bytes of pessimistic comments. It is very easy to follow that thought process and become fearful about investing long term for retirement. Life is to be lived and not filled with fear. As you prepare for your retirement investing program, talk to one of the advisors at Brennan Financial Services to learn when and where to invest for your future. As retirement specialists, we are very sensitive to long term investment planning.