IFB111: Questions about Short Term Investing when Close to Retirement

07.18.2019 - By The Investing for Beginners Podcast - Your Path to Financial Freedom

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Announcer:                        00:00                     You’re
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Dave:                                    00:36                     All
right folks, we’ll welcome to the Investing for Beginners podcast. This is
episode 111, Tonight Andrew and I are going to talk about some listeners,
questions that we got. Then we’re going to focus a little bit on investing in
our later years, i.e., our 50s or early sixties that kind of timeframe. We’ll
talk a little bit about some thoughts we have on that related to some of the
questions that we got recently about this particular subject. So I’m going to
go ahead and start and read the first question. The first question is, Hi
Andrew, my question is investing in your fifties I’m in the middle of a divorce
of 31 years. We have accumulated a lot of wealth. So my question is, what would
be the wisest strategy? I will have substantial alimony. Have worked outside
the home for 29 years. So assuming I won’t need all the equalization payment,
where would you suggest I start? I feel like I’ve lost much of the compounding
times. So now what? I’m 58 and healthy to hope to see my eighties. I’d be
thrilled to hear from you directly or cover the topic in an email for the
broader crowd to work. I can’t be the only one in this situation. Thanks.

Dave:                                    01:42                     When
though when you’re not, so as somebody who is in your age range, I’m 52, so I’m
the older one or the crowd here between Andrew and I and some would maybe
sometimes I might be the wiser one, but I am not so sure about that always. ,
so I guess, I guess the first thing is I, my condolences about the divorce. I’m
sure that could not be, easy to go through and I’m sure you have a bazillion
questions going on. So as someone who’s gone through a divorce myself, I, I
feel for ESL, it’s not an easy situation to go through.

Dave:                        ...

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