Fiscal Sense

We’ve all heard the terms “stock market,” “national debt” and an assortment of other terminology containing the word “fiscal.” But it doesn’t mean we’re actually understanding what these words truly mean for us and our economy. To that end, Southern California’s new radio program, “Money Talks,” hosted by Darren Vilardo, president of Inland Retirement Advisors, is helping listeners dissect the financial headlines and understand the market movements.

Always fascinated by economic markets and money exchange, Vilardo shares his knowledge with listeners by going over the day’s headlines, the impacts on investment portfolios, individual risks, and possible opportunities. Recent topic discussions have included the European debt crisis, stock values, proposed budget plans, fiscal and monetary policies, and prudent financial stewardship. In addition, Vilardo forecasts, advises on financial planning and investment strategies, and advises callers on all aspects of personal finance.

Here, Vilardo points out common financial mistakes:

Receiving Social Security too early. The problem is the earlier you begin receiving Social Security, the less you get.
Emotional attachment to investments. Whatever the reason may be, some people get attached to their investments – an unhealthy practice. You will end up experiencing “the roller coaster effect” or the investment will never work in your favor.
Feeling behind and playing “catch up.” Instead of aggressively investing, try aggressively saving.
Too conservative in investing when going into retirement. Many people have been raised to rarely, if ever, invest in the stock market. Today’s economy and the Great Depression certainly doesn’t inspire confidence, however, relying solely on savings as an income will eventually stop paying – literally. Investing your money less conservatively allows an income to last potentially beyond your retirement.