Published in NBCLatino.com on February 5, 2013
Common questions financial advisors are hearing nowadays are: “What’s going to happen in the market?” and “Will social security still be there when I retire?” but in reality nobody knows, says Juan Carlos Avila, managing director and partner of Toroso Investments.
“The days of the pensions are going away, or are in real danger,” he says. “We need to save for our retirement. It really falls upon us as individuals to take care of it.”
The only thing we can do is educate ourselves to understand our own risk profile and structure an individual portfolio for saving and retirement, which will provide more consistent results with lower volatility. If we can do that, he says we will be well positioned.