Bohemia, NY (PRWEB) October 08, 2013
Chris Hobart, the CEO of Hobart Financial Group, a retirement planning company, discusses why it could be more beneficial to invest in passive funds to generate income for retirement.
According to the article on Daily Finance titled “Why Passive Investing Gets Better in Retirement,” there are many advantages of developing a passive portfolio to generate money for retirement. The article says that data suggests passive investments yield high risk-adjusted returns. Passive investing is based on the total market, so their value is “more likely to come back up,” the article says. Unlike the unstable environment surrounding active investing, passive investing means that investments are expected to grow over time with the global economy.
The article says passive investing is also less time consuming and less complicated, reducing the risk of making a mistake. Investment decisions for passive portfolios do not have to be made as frequently as they do for an active portfolio.
Chris Hobart, CEO and founder of retirement planning company Hobart Financial Group, agrees that passive investment portfolios could be beneficial to people who want to make money during retirement, but are conservative, or unknowledgeable, when it comes to investing in the market.
“Passive investments are simple to manage because they don’t require continuous updating and they still perform well,” he says. “The last thing a retiree needs is to worry about checking their investments and reading financial reports every day. Unlike active investments, which can decline rapidly, passive investments can give retirees peace of mind.”
Hobart Financial Group is an independent North Carolina 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.