Michael Canet is a financial planner, estate planning attorney and host of The Savvy Investor TV and Radio Show, where he and Savvy Investor guests help listeners create, grow, and preserve their wealth. In this article, Canet discusses the difference in mindset between focusing on gains, or focusing on reducing liabilities when planning retirement.

Glen Burnie, MD – August 30, 2013 – Estate planning attorney and host of The Savvy Investor TV and radio show, Michael Canet, recently published an article on The Savvy Investor website on why a sudden windfall of money is no guarantee of success in retirement – and how you can build a solid foundation without winning the lottery. In this article, “Why Plan For Retirement When You Could Buy Lotto Tickets?” Canet says you don’t need a lot of money; you just need to protect what you have.

Canet writes, “Successful retirees construct their budgets to limit their debts and expenditures, keeping more than they lose – which works with any income level. Instead of focusing on their asset management, they turn their attention to limiting their expenses. When you apply this reasoning to your investment portfolio, it translates to staying low-risk with your investments and, most importantly, understanding any and all fees you may be paying.”

The entire article can be found at http://www.thesavvyinvestortv.com/articles/why-plan-for-retirement-when-you-could-buy-lotto-tickets.php.

To learn more about The Savvy Investor, please visit http://www.thesavvyinvestortv.com.

About Michael Canet:

Michael Canet is a financial planner and estate planning attorney specializing in family legacies and is a founding member of Prostatis Financial Advisors Group, LLC. Canet is the author of the best-selling book, Surviving the Perfect Storm: How to Create a Financial Plan That Will Withstand Any Crisis, and has been featured on The Wall Street Journal, Fox News, and USA Today. He is also host of the nationally syndicated television show, The Savvy Investor, and The Savvy Investor radio show on WCBM 680AM. His approach, both on and off The Savvy Investor shows, is distinguished by clear and concise answers that are accessible to the people who need to understand them most: retirees.

You can listen to The Savvy Investor live on WCBM Talk Radio AM 680. http://player.streamtheworld.com/liveplayer.php?callsign=WCBMAM&advisorid=3002375