Austin Frye Quoted On Importance of Right Balance in 401k Portfolios
September 10, 2015 | posted in: Blog | by Frye Retirement
Austin Frye quoted in
Excerpted from the article:
“Protect your nest egg: Rebalance your 401(k) to avoid risk”
By Charisse Jones
“There is a greater than 50% probability that at least one spouse of a Baby Boomer couple lives into their 90s,” says Austin Frye, a certified financial planner based in Aventura, Fla. “Therefore, with increasing life expectancies, the Baby Boomer equity risk is much less than those of previous generations.”
And strong stock returns can better contend with inflation. “Without risk, you cannot get returns,” Frye says, “so if you take a calculated risk, by weaving in more equities … you’re taking care of the inflation problem.”
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