Michael Wagner LIVE on CBS12 News: What Retirees Need to Know About Investing in the Stock Market

 

Across the country, financial experts are witnessing a shocking trend, as more and more retirees turn to the stock market in an attempt to grow their wealth in retirement. However, rolling the dice on 401(k)s can often bring more financial turmoil than valuable returns.

Fortunately, if you are a local South Florida resident that finds yourself among this growing group that may be impacted by later-in-life stock market investing, CBS12 Saturday Morning News turned to Michael Wagner, co-founder of Omnia Family Wealth, LIVE on Sunday, July 16, to provide insight into some of the most important questions you may have on taking financial risks with the stock market.

During his interview, Wagner addresses:

  • Why retirees are taking financial risks by investing in the stock market
  •  The best practices retirees should follow when investing in equities
  • Examples of effective ways to invest a 401(k)
  • What younger generations can do now to prepare for retirement later

Overall, if you are interested in utilizing the often-volatile stock market to generate some extra income in retirement, Wagner urges older investors to diversify their stock holdings and to have an experienced financial advisor by your side. As for those decades away from retirement, it is never too early to start saving and growing your wealth. Contact Omnia Family Wealth to learn more.

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