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April 2015

Lifestyle Connection

Monthly Tidbits from RedRock

You Don't Need to Be
Rich, To Retire Happy

Making sure you are happy in retirement doesn't require all the money you think it might.

According to a recent survey, happy retirees will average about $82,000 in current household income and it will come from just two or three sources, yet the unhappiest of retirees make about $42,000 in income, from more than 3 sources. The happiest of retirees have a liquid net worth of about 500K, creating a level of comfort with a significant safety net.

More Ideas on What it Takes to Be Happy In Retirement

Diversification, the Key

to Reducing Risk in Your

Portfolio

LPL's Chief Investment Officer, Burt White,wrote a letter to investors last month on the importance of diversification in your investment portfolio and we couldn't agree more.

Diversification reduces risk by allocating investments among various financial instruments, industries and other categories. Although it's not a guarantee against loss, diversification is among the most important component of reaching long-range financial goals while minimizing risk.

Read Burt White's Letter to Investors

Ronan Tynan

A Modern Day Renaissance Man

At the LPL 2015 Masters Conference Diane and Barbara were inspired by Dr. Ronan Tynan, Irish tenor, recording artist, physician, and champion disabled athelete. He was our keynote speaker and we were thrilled when he sang two beautiful songs for us!