U.S. News & World Report reporter Coryanne Hicks writes about the life expectancy of retirees and their need to cover nearly two decades of living expenses. The key is investing wisely to supplement social security benefits. But what does that mean?
Scott Duba, chief investment officer and managing director of wealth management, offers his perspective on some low-risk investment options for retirees.
Keep in mind that high return and low risk tend to be oxymorons in investing. “Higher returns are generally achieved only by taking more risk, either in the form of more repayment risk, more volatility or more liquidity risk,” says Scott Duba, chief investment officer and managing director of wealth management at Prime Capital Investment Advisors. So be sure you understand the features of any investment that purports to offer both high returns and low risk before investing.
“Retirees should keep in mind that long-term principal protection is paramount and the best way to ensure this is to have a well-diversified portfolio of high-quality and thoughtfully selected investments,” Duba says.