April is Financial Literacy Month, a yearly event to raise public awareness of the importance of financial literacy and maintaining smart money management habits. We believe that a healthy financial future starts with financial education and literacy. We firmly believe that it’s never too late to start your financial literacy journey.

We’re celebrating this April by introducing our team of talented fiduciary advisors who will share their knowledge, expertise, and actionable insights on relevant financial topics. We believe that by opening access to greater financial literacy, we further Retirable’s mission to empower a confident, worry-free retirement for everyone.

This week’s spotlight is on Nicholas Mancuso, Financial Advisor at Retirable.

Get to know Nicholas Mancuso

Nick Mancuso is a tenured advisor at Retirable with a B.A. in Accounting and over 9 years of experience in the financial services industry. Outside of work, he plays guitar in a garage blues band with his father and is currently renovating his home.

Why is financial literacy important to you?

Understanding your finances is the best way to get them under control and make the right decisions going forward. Too often we see decisions being made based on rules-of-thumb and general benchmarks that do not accurately reflect a person's unique situation. As an advisor, I always lead with education—customized to each individual—to ensure a confident, worry-free retirement.

What do you love about being a financial advisor?

I love connecting with people and seeing them through monumental moments in their lives. Specializing in retirement planning, I see clients across the finish line of their careers and onto the next phase of their life. Seeing them approach this with confidence and excitement is always such a rewarding experience.

What is an area of finance that many pre-retirees/retirees are not familiar with but understanding it may help their financial picture?

Most people who are entering retirement want two things:

• Greater control and flexibility over their assets
• Reliable retirement income

While there are products out there that can provide one of these, it is nearly impossible to find one product that simultaneously provides both. A more balanced approach to retirement considers liquidity for emergencies and provides growth opportunities for the long term.

How we invest is dependent on when you need the income. Investments do not necessarily need to be super conservative when you retire. We only need to be conservative on what we plan to use in the short to mid-term. Fighting inflation is a must since the fixed-guaranteed income in retirement will likely not keep pace with inflation.

Starting with strategies to maximize fixed income—such as Social Security and pensions—and then designing investments to further supplement income will provide greater flexibility for the unexpected while giving growth for the future.

Inflation? Recession? No worries.

Download our new guide to help safeguard your retirement.

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Investing can be complicated! What are the important basics for investors to understand?

The old adages all ring true: Diversify! Buy low, sell high! A passive long-term strategy will typically outperform market timing. It’s hard to be right twice (let alone, all the time), so market timing is risky and can result in capitalizing on losses.

The key to passive, long-term investing is understanding your time horizon, the types of investments you have, and the amount of risk you can tolerate. Keep the mindset that you are investing for the future, even in retirement. When in doubt, zoom out and reevaluate the big picture! Why should people work with Retirable to build their dream retirement? Financial planning is like a jigsaw puzzle. The most important piece of the puzzle is the picture on the box which tells us where we need to move pieces to accomplish our goal. By always starting with a holistic financial plan in a free consultation, Retirable’s fiduciary advisors help you solve your retirement needs and provide a clear picture for the future.

Financial Literacy Month is a great time to start building your ideal retirement. Schedule an appointment with Nicholas today!

Need help making sense of it all?

We're here to help you navigate your retirement journey.

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