Alex H. Navarro
Senior vice president/private financial adviser -
SunTrust Investment Services -
Bal Harbour
"A lot of people are investing too conservatively — like a 70- or 80-year-old. Their money is not growing enough to fund their retirement. We are using products that have minimum income guarantees. As part of an investment portfolio, we're suggesting solutions that guarantee income for life. They allow you to put a certain amount of money into equities but guarantee an income until the day you die. We recommend matching fixed expenses to fixed income and adding pension replacement products. For the long term, I recommend being in as aggressive a portfolio as you can tolerate. A more moderate portfolio might have 60% stocks, 40% bonds. An aggressive portfolio would have 80% stocks and 20% bonds. We are slowly starting to increase our exposure to the international markets. They've been through the ringer, but we want to buy low with the belief that they will turn around."
Tags:
Banking & Finance