Charlotte, NC (PRWEB) February 10, 2014
Hobart Financial Group, a leading RIA firm, reveals three reasons why investing could help individuals generate more money for retirement.
According to a January 22nd Forbes article titled “Best Investments for Retirement Planning,” people begin investing for a plethora of reasons. While some think of it as a hobby, or a gamble, others use it as a means of achieving a financial goal. However, investing can be a beneficial way of generating spendable income for retirement. Investing can help individuals and couples secure a decent amount of savings, so they don’t have to work through their retirement.
The article lists a few different ways individuals and couples can invest for retirement, including purchasing stocks, allocating funds to passive financial products, and securing other tax deferrable investments.
Chris Hobart, CEO of Hobart Financial Group, a leading RIA firm lists three reasons why making smart investments can help foster a better retirement.
- Investing helps diversify your portfolio. “Investing in different financial products helps you truly diversify your portfolio,” Hobart says. “A diversified portfolio increases your chances of generating more income in a variety of different ways, not just in one product like a 401(k).”
- Helps generate spendable income for life. “One of the best ways to help generate dependable income for your future is through investing,” he says. “There are many different types of investments. Whether you are playing the stock market or you are purchasing a tax-deferrable annuity, you are building a comfortable nest egg that can assist in sustaining your retirement.”
- It helps improve financial literacy. “After investing, many people pay more attention to the stock market and financial trends,” he says. “This helps people educate themselves on what is currently happening in the economy and on Wall Street.”
Hobart Financial Group is an independent financial advisory firm dedicated to personalizing service with uncompromising integrity. Its focus on comprehensive, tax-advantaged plans help to provide sound preservation of capital, growing income and increased returns with reduced risk. Chris Hobart, founder of Hobart Financial Group, understands that true wealth means being able to share your life with the people you love, free from financial anxiety. Hobart Financial helps Carolinas’ retirees preserve and protect their wealth with comprehensive financial retirement planning and wealth management.