Financial Advisor Ronald Gelok Offers Helpful Tips To Build Your Best Retirement Plan
Financial Advisor Ronald Gelok discusses three straightforward strategies to help families grow towards a stronger financial future.
Parsippany, NJ – January 9, 2013 – Ronald Gelok, President & Financial Consultant of Ronald Gelok & Associates, 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 Ronald Gelok. “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 Ronald. “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.”
Ronald Gelok 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 how Ronald Gelok can help, please visit www.ronaldgelok.com or call (800) 476-8152.
About Ronald Gelok:
Ronald Gelok, JD is known as the IRA Professor. For over 20 years Ron and his team have been known for making complex retirement planning and tax reduction planning clear and easy to understand. His clients often find that, after working with him they have moved significantly forward in their planning, simplifying their finances and obtaining greater peace of mind about their financial future. Ron has appeared on both radio and television discussing retirement planning problem solving. He is licensed in New Jersey, New York, Florida and Pennsylvania. His new book is due out this winter.