A diversified stock portfolio is essential to financial stability in retirement, but so are cash reserves. Coley wants you to ensure that you keep a portion of your portfolio liquid — whether it’s in a high-yield savings account , money market fund, or short-term CDs or Treasuries.Each of these asset types comes with its own strengths and disadvantages, so you’ll need to determine your level of risk tolerance and liquidity needs to decide what will work best for you.Working with a financial advisor, you sho ...

Core Insights - A significant portion of American households, 62%, have some exposure to the stock market, indicating a baseline level of investment engagement [1] - Complex investment opportunities can be appealing but often lead to wealth destruction rather than wealth building [1] Group 1: Timeshares - Timeshares are marketed as smart investments with benefits like "locked-in vacation costs" and "flexibility," but they are difficult to resell and come with hidden costs [3] - The average annual maintenance fee for timeshares is $1,170, which tends to increase over time [3] - Timeshares typically lose 90% to 100% of their retail purchase value immediately upon purchase, and in some cases, owners may incur additional costs to relinquish them [3] Group 2: Leveraged ETFs - Leveraged ETFs use borrowed money to amplify returns, offering 2x or 3x the daily performance of an index [4][5] - While leveraged ETFs can enhance short-term gains, they also significantly magnify losses, making them a risky investment choice [5]