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 for growth?
• The traditional way to reduce risk is to move from stocks to fixed income.
• 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 portfolio.
• 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 invested.
• 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 when needed.
• 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

1-800-757-0436

Thank you for listening!