www.insideHALTON.com | OAKVILLE BEAVER | Thursday, August 6, 2015 | 18 Running out of money is a real risk during retirement Dollars & I Sense s your nancial adviser an order taker? Have you hired someone to provide advice and then nd that when you make a suggestion, they are willing to comply with no discussion? That could be a formula for failure. It is your money and ultimately everything is your decision. However, if your suggestion is not in your best interest then there needs to be a polite, yet rm, discussion about what is ultimately best for you. This is similar to getting medical advice from your doctor. You might have some Guest Contributor Peter Watson ideas but their role is to diagnose and make a speci c recommendation. The best way to provide an example of how this might happen is to consider a cou- ple that is a few years away from retirement. This is a time that many start to be more focused on investment risk. People often become more risk-averse as they get older. They don't have the time to recover if their investment portfolio declines and they no longer have decades of earning power ahead of them. There is less margin for error. Investors want to preserve their capital. For most investors, the level of risk they take with their investments is determined by how they allocate their money between stocks and bonds. Stocks do better over time. However, they are more risky and volatile in the short term. We will assume the investment adviser suggested holding 60 per cent of the couple's portfolio in stocks and 40 per cent in bonds. However, the client suggested changing the allocation to 40 per cent stocks and 60 per cent bonds. There can be two outcomes. First, the investment adviser could agree, see Identify on p.19 Thank you Oakville for nominating us Best Upholsterer! Since 1967 upholstery & design Custom made or reupholstered to suit your style! We can make it! Sofas · Chairs · Headboards · Throw Pillows · Drapery & Hardware 11-2345 Wyecroft Rd, Oakville · 905.616.3156 · www.baiers.ca Doctors recommend the kyBoot GARDEN SUPPLIES since 1962 VAN BEEK'S "kyBoots help you keep balance and activate your muscles, from your toes to your back: they are helpful in the treatment of pain in the heels and forefeet, and are a method of choice to support the treatment of pain in the Achilles tendon and back." - Dr. Markus Müller, specialist in orthopaedic surgery, foot surgery practitioner, Lucerne Visit VanBeek's for the area's best selection of hardscaping supplies including flagstone, natural stone, premium soil, grass seed, fresh sod, pavers, specialty mulches & more. oakville 2410 Lower Base Line Rd., Oakville 1-866-778-5824 Mississauga 758 Southdown Rd., Mississauga 1-866-778-5824 Rebate on $500.00 U KyBoots will help you with.... ate* · Back Pain · Improving circulation · Knee pain · Strengthening muscles · Foot conditions · Improving posture GARDEN SUPPLIES since 1962 VAN BEEK'S BRing in this ad to get Transferable Lifetime Gu Unilock End uraColorTM and Endura Ask for deta ColorTM Plu ils at Van B s Products. eek's Gard en Centre. nilock Reb F stone paVeRs arantee on a ll Unilock pro Offer Expir ducts. es Aug 31st , 2015 267 Lakeshore Rd. E., Oakville Mon.-Fri. 10-6, Sat. 9-1 10 select % inteRloc king oF Enjoy a FREE Kyboot walking test, at the Medicine Shoppe on Lakeshore Rd. East Pharmacist/Owner Richard Price vanbeeks.com A Trusted name in Oakville for over 20 years! www.kybun.com 905.842.2770