A Word of Caution to Retirees Tempted by Stock Market Records

With the Dow soaring past 20,000, some retirees may feel the urge to buy. But at this stage of the game, they could be putting their retirement at risk.

(Image credit: Arda SAVASCIOGULLARI)

After enduring more than 50 New England winters, I’m certain about one thing: No matter how mild the season is when it begins, eventually, there will be snow and cold.

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Gerry Dougherty, Investment Adviser
Founder & President, Boston Independence Group Inc.

Gerry Dougherty is the founder and president of Boston Independence Group Inc. He is an Investment Adviser Representative and a licensed insurance professional. He has a bachelor's degree in economics from the University of Massachusetts at Amherst and holds a certificate in Financial Management and Leadership from The American College and Pennsylvania State University. He hosts a weekly radio show called "Uncomplicated Money" and recently published his first book, Uncomplicated Money: Retirement Is Within Reach.