Vendée Globe Has First Retirement:
(November 19, 2016; Day 14) – Following on from the collision that his boat experienced early in the race off Portugal, and after sailing to the island of Fernando de Noronha and diving twice to inspect what was happening under his hull, Bertrand de Broc, skipper of MACSF, after consulting with Marc Guillemot his Team Manager, has taken the decision this evening to retire from the Vendée Globe.
Bertrand de Broc decided yesterday evening to head for the island of Fernando de Noronha to inspect the hull of his boat. After consulting his architect, Bertrand has been forced to retire from his fourth Vendée Globe. A large part of the hull has in fact been damaged, making it impo…
Full Article: Scuttlebutt Sailing News – Vendée Globe Has First Retirement, Editor
Traditional investment wisdom dictates that investors lower the risk level of their retirement portfolios by veering towards safer, low-risk vehicles or tools. This helps the senior or near-retiree strengthen his or her nest egg against significant losses or depletion that may be brought about with riskier investments. Although virtually-zero risk venues or tools won’t give you a windfall of profits, you’ll need more of these when you’re about to retire. Aside from the types of investments, here are other ways to find safer ways to make money for retirement:
How much you need to shell out can increase your risk, as these costs can erode your projected returns, especially if you’re about to retire. Many investments have hidden charges, aside from the disclosed ones a bank manager or insurance agent may show. Some of these hidden charges include management expenses, administration charges, marketing fees, and costs of insurance.
Explicit costs include sales charges, redemption fees, wrap fees, and commissions. Savings accounts, among other safer investments, don’t usually entail much in the way of costs, although you can consider the interest rates an insurance cost. Annuities are one investment that may require the payment of surrender charges if you want to withdraw your money before the maturity period ends, or only allow you access to some of your money without costs.
It may be hard to apply the concept of safety to an investment due to the sheer number of risks that come with the numerous kinds of tools involved; any of which could drag down your entire investment portfolio. Aside from a fluctuating market, you may have to worry about the inaccessibility of an asset because of non-liquidity, low tolerance to inflation, and the possibility that taxes may only allow you to receive a portion of your profits or erode the principal value. If you’re trying to assess the safety of an asset or investment, you’ll be better of working with a professional, such as a financial analyst or retirement planner.
Puritan Financial Group has years of experience in dealing important financial decisions. Puritan Financial Group will listen to you and your loved ones and craft a custom financial solution that supports your life goals.