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How to protect you retirement savings

Posted on Tuesday, June 22nd, 2010 at 5:07 pm.

If you are planning to retire and do not want you retirement savings to lose money, especially with the increase of baby boomers retiring, here are a few ways that a person can help protect themselves and their finances.

A diversified portfolio can help to protect your assets by protecting your portfolio from market losses rather than participating in market gains. Also, having an emergency cash fund to pay for unexpected expenses can be very useful. Eliminating non-essential purchases can also help to protect your retirement savings.

If you are looking for advice on financial planning for your retirement, contact Austin Retirement planning by calling 800-267-1704.