Sep 7, 2018
Learn how close to 50% of Joel’s clients are risk averse and
just want to preserve their retirement money. Because the market
has been going up, most people don’t really understand the risk
that they have been taking.
Main Questions Asked:
Are you taking more risk than you need to?
Are you over exposed in the market?
What can you do to make sure that your money is protected?
Key Lessons Learned:
- Is there a way to limit risk, without limiting opportunities
- The traditional way to reduce risk is to move from stocks to
- Bonds are a bad place to have money. As rates go up, bond
prices will go down.
- Insurance products can be an alternative for a conservative
- The best way to know if you are taking too much risk is to get
an analysis that gives you a percentage of where you should be
- Turn your money into an income producing machine.
Agree or Disagree
- Individual bonds are better than bond funds? Interest rates are
beginning to move up. Most bond funds will lose ground when
interest rates go up.
- Better to buy mutual funds or ETFs as opposed to individual
stocks? ETFs can be more favorable than mutual funds. Owning
individual stocks gets more tricky. I would rather pay extra fees
and earn more money. You have to get the mix right and rebalance
- Annuities are a rip off? There is a certain type of annuity
that is a great alternative to bond funds. Some annuities can be
appropriate for some people. Don’t buy the kind where the insurance
company keeps all of your money or that has a lot of fees.
- You should start your social security as early as possible?
Everyone’s situation is different. If this your only income, you
should wait. Otherwise, you need an analysis to tell you what the
best option for your circumstances is.
Links To Resources Mentioned
Money Map Retirement Review
Thank you for listening!