Financial Advisor Richard Paul discusses three straightforward strategies to help families grow towards a stronger financial future.

Novi, MI – February 13, 2013 – Richard Paul, Founder and President of Richard W. Paul & Associates, LLC, recently discussed how time impacts your retirement money, and offers ways to help build a strong retirement plan.

“I find that time, math and money rarely move in the same direction,” remarked Richard Paul. “It is quite strange because the whole idea of compounding interest and capital appreciation are based on a rate of return compounded over time. In fact, the math for appreciation is based on four variables: Present Value, Future Value, Rate of Return and Time.”

“Logically, time, money and math should be aligned and making retirees (and soon–to-be retirees) money – right?”, asked Richard. “Well, Maybe. If you take risk with your money values can go up — but they can also go down. Market historians and verified data offer long term rates of return that are very attractive but when the economy gets rough, money can (and has been) lost, which is not helping folks and their families grow towards a stronger financial future.”

Richard Paul offered three simple strategies that can help those who are saving and planning for retirement stay on a responsible path:

• Diversify between many different types of assets – Avoid biases such as, “I only invest in mutual funds, or just stocks and bonds,” and do not build in a bias towards products you may not understand, such as: “I don’t believe in life insurance.” Allow yourself to be open to all possibilities – they all may have a lot of merit in a well-designed plan.
• Do not try to time anything. Instead build a great plan based on sound retirement planning principals and then stick with it. Allow time to work for you and do not allow your emotions to work against you and your money.
• Take the time to review. Keep track of where you are, what you have and where you want your retirement planning to go. That is the ultimate key to utilizing time and achieving planning success.

For more information on this topic, or to learn how Richard Paul can help, please visit www.rwpaul.com.

About Richard Paul:

As founder and president of Midwest Financial Consultants, and Richard W. Paul & Associates, LLC (a registered investment advisory firm), Rich works to provide comprehensive financial planning strategies to pre-retired and retired individuals, helping them achieve total wealth optimization and a reliable income source in retirement. A firm believer in achieving success through a personalized strategy, Mr. Paul acts as each individual’s financial coach and works to optimize their current financial situation by managing and minimizing financial risks and tax liabilities, and positioning accounts for continued growth, regardless of market volatility.

Rich is the local guest host on the nationally syndicated radio show called, “The Financial Safari,” which airs on WMUZ and WLQV. He now has his own radio show on WJR News/Talk 760 called “The Rich Paul Show: Your Retirement Survival Guide” airing on the last Thursday of each month at 7pm.

Rich is also releasing a book, “The Baby Boomer’s Retirement Survival Guide”, focusing on the transition into retirement, and how to construct a portfolio to give you income for life. He has also been quoted on over 100 dot coms as well as featured as a “Financial Trendsetter” in the USA Today.