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The Present
Continued from page 31
In investing, Miller said a
diversified portfolio is wise to
minimize risk while maximizing
return. It’s a delicate balance, he
said, “so you really need to make
sure you have the right diversifi-
cation for your needs.”
Miller, who gives investment
advice twice a month on WHOI-
TV’s Good Company program,
said the people who did best
during the recent recession were
those with what he called a “low
correlating portfolio,” one that
can show a good return even if
price fluctuations aren’t always
favorable. In 2008, for example,
the stock market was down but
the futures market was up and
having holdings in each provided
low correlation.
“You can reduce risk without
necessarily reducing the poten-
tial for good returns. It’s a huge
revelation to people when they
see it,” he said. “We can adjust a
person’s portfolio structure de-
pending on how much risk they
can afford but with low correla-
tion we can be more aggressive
and still keep the risk low.”
Heartland Financial Strategists
will work with clients on any
financial planning need, includ-
ing advice on stocks and bonds,
IRAs, Treasury bills, government
securities and mutual funds. For
retirement planning the com-
pany will work with clients on
all types of retirement plans, tax
plans, estate planning and money
management.
“The missing link in retirement
planning is often guaranteed in-
come investments. When guaran-
teed income streams are needed
we can turn to variable annuities
that start with one amount and
grow every year until they start
to take it out,” Miller said.
Annuities with guaranteed
income streams are important
because even if the person
withdraws the amount they put
in, the income continues at the
same level. “It is a huge part of
any retirement planning process
because you will never have less,
guaranteed,” he said.
Miller said there is no mini-
mum amount a person has to
have to start an annuity. “And
once you start a contract, you can
always add to it, which increases
what you will be able to draw
out,” he said.
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“You can reduce
risk without
necessarily
reducing the
potential for good
returns.”