Interesting you say this. My mom came over yesterday to talk about her retirement. She’s about 4x short of where she needs to be within the next 5 years.

Her TD Bank advisor has her 100% in a bond-heavy mutual fund, averaging just 3% YOY.

The problem is when people like my mom go in to invest, they get asked: “are you high, medium, or low risk?” Most, like her, say “low risk” because they don’t know any better.

What they aren’t told is that being “risk averse” often puts them at the highest risk of all… the risk of not having enough to retire.

I’m frustrated she didn’t bring this up sooner, but also grateful she came to me now. At least we still have 5 years to get her set up properly.