Travel and relaxation might be a big dream once you retire, but are you sure you’re doing everything you can do to maximize your retirement and minimize your risk?
“Unfortunately, most Americans are saving the majority of their money in a spot where they could lose it,” said Tom Jacobs, the founder and owner of Jacobs Financial Services.
While appearing on Live In The D, Jacobs shared his family’s story and how they learned the pain of losing retirement funds firsthand. Jacobs explained that after his father retired and 2008 hit, he says his parents lost 50% of what they had saved for 42 years. Jacobs shared that his parents’ experience is what caused him to get into the financial services business.
“I believe with every fiber in my body as we get older we need to take less risk,” said Jacobs.
Jacobs also wrote a book called “Retirement Domination: Play to Win With Your Retirement”. He calls the book a “different approach” to finance.
Watch the video above to learn about protecting your retirement funds.