Navigating Retirement: Good Advice Can Make the Ride Easier | American Funds

American Funds® Investors video transcript

Navigating Retirement: Good Advice Can Make the Ride Easier

Speaker:  Chuck Cornillie

VIDEO (2:29) Recorded June 26, 2014

CHUCK CORNILLIE: My wife and I went to a local community college, learned how to ride motorcycles, and so we started riding and one thing led to another. I am almost 81 — I’ll be 81 in August — and as long as I can hold the bike up and I don’t have any problems physically, I will ride.

I worked for my father-in-law, after I got married, for 17 years. I went from shoveling concrete, to a purchasing agent, to shipping the material — the pre-stressed concrete, which is quite a substantial piece of concrete. They’re heavy pieces. Later on I ended up running the whole block plant. So for 17 years I got quite an education from my father-in-law.

I became acquainted with Marvin in 1992. He advised us on some of our investments, and we are very happy with his work. So far the investments that we’ve made with Marvin are fine. We’re happy, and they do the trick. My wife and I saved as much as we could, planning on our college education for our kids. And all three of them went to college. They’re all very successful and we’re very proud of them.

Once you have learned and put on miles, you can relax. However, like I say, you still have to be defensive. You have to watch out, because things can just change like that. However, any time you’re on a Harley,® it’s great.

Best part of being on a bike is, well, you’re footloose, fancy free, and go wherever you want to go and do what you want to do.


The statements included here are the opinions and beliefs of the speaker(s) expressed at the time the commentary was recorded and are not intended to represent the opinions and beliefs of the speaker(s) at any other time. These investor experiences may not be representative of the experience of other investors.

Funds discussed in this section may not be available in your employer’s retirement plan, but are included to provide insight into American Funds’ investment process.

Past results are not predictive of results in future periods.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investing outside the U.S. involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries. See the most recent shareholder report or prospectus for more information on these and other risks associated with investing in the fund.

The return of principal for bond funds and for funds with underlying bond holdings is not guaranteed. Fund shares are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. Bond prices and a bond fund's share price will generally move in the opposite direction of interest rates.

Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed-income investment professionals provide fixed-income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from your plan’s financial professional or downloaded and should be read carefully before investing.