The Biggest Money Mistake Retirees Can Make | You Can Retire Sooner Than You Think
HTML-код
- Опубликовано: 2 окт 2024
- Many unhappy retirees make this big mistake now that they're no longer working and have more time on their hands.
Filmed on August 30, 2017.
Wes Moss shares tips from his book "You Can Retire Sooner Than You Think" and gives money tips and big money mistakes that even the sharpest and smartest retirees make.
Send me your questions directly at
www.wesmoss.com (contact box in top right corner)
----------------------------------------------------------------------------
You Can Retire Sooner Than You Think (amzn.to/2l85Ezu)
Free Workbook (bit.ly/2loBpGW)
----------------------------------------------------------------------------
Follow me on Twitter:
/ wesmoss365
Join our Facebook community:
/ wesmossmoney. .
Check out my website for more financial tools and articles:
www.wesmoss.com
Disclosure: This information is provided to you as a resource for informational purposes only. It is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal. This information is not intended to, and should not, form a primary basis for any investment decision that you may make. Always consult your own legal, tax or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.
Just invest in an all-in-one passive index fund that rebalances. Vanguard and Fidelity have these with extremely low management rates. Charles Scheab has similar products that do this at a very low management fee so really don't understand why you are dissing Charles Schwab. For a tiny fee you can get advice from an independent financial advisor to set you up in conjunction with C.S.
Given the current market volatility of recent centered around the trade talks with china it's more important than ever for retirees to be proactive about what decisions they make... I plan on doing a little research myself and keeping in contact with my advisor to create a trusted relationship that is positive on a practical level is important. More sound and practical advice Mr. Moss thank you!
Do you really think "a little research" will give you better results than the average investor? I doubt it.
Work until you’re 70, buy an annuity, take out a reverse mortgage-this is a trifecta of bad advice!
Vanguard is the Cadillac of the industry...
Cadillac is a dying brand
He's not wrong.
I have been moving my money all over the place because I'm just never sure it's in the right place for my age and circumstance. I'm 3-5 years from retirement and am currently in all short term fund. I think I have finally decided where to put it and can feel comfortable. Vanguard Wellesley. What do ya think?
I can't give advice since I don't know your full financial picture, but if you'd like to reach out to my team at www.WesMoss.com we'd be happy to talk with you in more detail.
I'm at 2.8%, No Risk on Principle at the time of this post. I expect in the next 10 years, it could go lower if Interest Rates continue to fall.
It's always nice to look back three years on these comments and think about where rates are today thanks to Biden and the Fed.
Dot the "coffee can" portfolio, rebalance 1 per year !
Good advice is invaluable. Bad advice can be disastrous. Differentiating between the two can be challenging. That’s why the “alpha” strikes me as somewhat too simplistic.
I'd prefer 2% and stable, rather than >10%, volatile, and lose 40% in a matter of days. Think 2007-2008.
2% and "stable" in a world where inflation is at 2.5-3% is recipe for running out of money in retirement. There are lots if people who were already retired and succesfully made it through 2007-2008 and are sitting on even more money now.
Never invest or take advice from a man that talks with his hands!!
Marty Summers hahahahahahahah...! That’s funny....