LifeInsuranceNormalIL.com Bloomington Investment Planner Dennis Kagel, advises investors to avoid loss, by avoiding the duplication of others’ financial mistakes. The most common mistake investors make, particularly those approaching middle age, is to hold on to risky investments that are now too risky for the preservation stage of financial life. Remaining vested in risky ventures at an advanced age, and a lack of clear goals, makes it impossible to implement an effective retirement plan, agreeing with the adage “People don’t plan to fail, they fail to plan.” It has been proven, that most people spend more time planning vacations than their financial future. An example of a risky investment is one that presents the possibility of loss of principal due to connections with stock market volatility, mutual funds and bonds tied to fluctuations in interest rates and inflation, creating a risk. Wealth retention and a secure retirement is a possibility with sound financial planning and annual reviews of investment strategies to optimize wealth accumulation. To see more videos please click on the following Link www.youtube.com Normal IL mutual funds specialist Mr. Dennis Kagel, also serves the cities of: Mclein County, Pontiac, Lincoln, Perea, Cahmpaign, and Bloomington IL.