CNNRadio, January 31, 2006

 

As the trials of former Enron executives began in Houston this week, Emily Sanders, President and CEO, Sanders Financial Management was interviewed by CNNRadio's Ed McCarthy on what people can do to protect their retirement investments.

 

Sanders offered four suggestions for protecting your retirement nest egg. Her on-air quote:  "We recommend that investors diversify their portfolios and not have more than 15 percent in any one stock."

 

Other recommendations from Sanders include:

 

1) Fund your own retirement vehicle through a Roth or non-deductible IRA contributions.

 

2) Pay off your mortgage by the time you retire to reduce your cash outflow as your cash inflow decreases.

 

3) Set up a retirement plan for your teenage children who have earned income.