Is your retirement income at risk?
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- Опубліковано 1 чер 2024
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For decades, the 60/40 portfolio has been heralded as the cornerstone of sound financial planning. But as we stand at the crossroads of changing global demographics, surging federal deficits, and an unpredictable market, one has to wonder: Is the golden era of the 60/40 portfolio drawing to a close?
Beyond just the numbers, we delve into the socio-economic factors driving these changes. Why is cheap money disappearing? How are demographic trends influencing market returns? And with the federal debt skyrocketing from under $5 trillion in 2007 to over $21 trillion in 2020, what does this mean for the average investor?
But it's not all doom and gloom. With challenges come opportunities. As we analyze the potential pitfalls of sticking rigidly to old strategies, we'll also spotlight emerging investment avenues and strategies that could define the next era of financial growth.
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ABOUT ME
I’ve always been passionate about personal finance, investing, real estate, and helping people find the freedom to live their life with purpose. But when my dad died in 2015, I tried to help my Mom find an advisor to sort out her finances. Instead of a helping hand, I found an industry of financial advisors dominated by glorified salespeople working on commission - pushing products that were not in my mother’s best interest. Or advisors with minimums that shut-out all but the ultra wealthy. Disappointed with the options, I took matters into my own hands and launched Foundry Financial, a wealth management firm with transparent pricing that specializes in helping provide clarity around money - so you have the confidence to make smart decisions.My goal is to help a million people retire without worry!
📅 THE BASICS OF RETIREMENT PLANNING
Retirement planning has several steps, with the end goal of having enough money to quit working and do whatever you want. Our goal is to help people master retirement and retire without worry.
Step 1: Know when to start retirement planning. When should you start retirement planning? The earlier you start planning, the more time your money has to grow. That said, it’s never too late to start retirement planning. Even if you haven’t so much as considered retirement, don’t feel like your ship has sailed. Every dollar you can save now will be much appreciated later. Strategically investing could mean you won't be playing catch-up for long.
Step 2: Figure out how much money you need to retire, The amount of money you need to retire is a function of your current income and expenses, and how you think those expenses will change in retirement.
Step 3: Prioritize your financial goals. Retirement is probably not your only savings goal. Lots of people have financial goals they feel are more pressing, such as paying down credit card or student loan debt or building up an emergency fund.Generally, you should aim to save for retirement at the same time you're building your emergency fund - especially if you have an employer retirement plan that matches any portion of your contributions.
Step 4: Choose the best retirement plan for youA cornerstone of retirement planning is determining not only how much to save, but also asset allocation. It can make a massive difference in your retirement plan.
Step 5: Select your retirement investments. Retirement accounts provide access to a range of investments, including stocks, bonds and mutual funds. Determining the right mix of investments depends on how long you have until you need the money and how comfortable you are with risk. It’s often helpful to talk with an adviser to discover the right mix of stocks and bonds.
❣ SPONSORED No, this video was not sponsored.
⚠️ "DISCLAIMER:⚠️This is not financial or investment advice. This Channel is meant for EDUCATIONAL AND ENTERTAINMENT PURPOSE only. None of this is meant to be construed as investment advice, it's for entertainment purposes only. #retirementplanning #retirement #passiveincome
Does anyone remember the inflation during the late 70s?
You bet'cha. I distinctly remember someone saying, (during the Carter yr's.) referring to a 13+% mortgage rate that we would never see single digit mortgage rates again. Well, they were wrong.
I was young, but I remember my family being thrilled to have a sub 10% interest rate.
Thank you for your content! Just found your channel, this is very well-timed for me since I just made some drastic shifts in my 403(b) to try to better position myself moving forward. I’m still not sure if I did the right thing, so I may be reaching out to you for your consultation!
Thanks. And I’m always happy to chat.
Every portfolio needs a Bitcoin allocation ❤
Ha. I know you love your Bitcoin. I’m not sure I’d go that far, but it is an interesting asset class as a diversifier.
Let's start with 1% !!!