It’s Sunday, which means...it’s recap time here on the Retirement Quick Tips Podcast

This week the theme was: Investments I Hate

In case you missed any episodes, here’s what I covered this week:

• Structured notes
• Too good to be true high yield investments
• Annuities
• Cryptocurrency
• Private loans

The most important takeaway from this week is: if it sounds too good to be true it probably is. Many of these bad investments sound great to would-be investors because of the prospect of some type of downside protection, high yield, or eye-popping returns. But lurking just beneath the surface are often high fees, not well understood real risks, and disappointing results. 

You don’t have to hit home runs with your investment portfolio, you just have to get a lot of base hits to be a great investor. And for that reason, a plain vanilla, high quality, time-tested diversified portfolio will do the trick. 

Tomorrow, come on back because we’re starting a brand new theme: Inherited IRAs: Explained. The rules for inherited IRAs changed a couple years ago, and these rule changes are significant, especially if you plan to pass along your IRA or 401k assets to your children, or if you expect to receive an IRA from a parent as part of your own future inheritance. I’ll talk about why this new change is not a positive one for IRA account holders, and what you can do to avoid costly mistakes when it comes to inherited IRAs. 

Thank you so much for listening this week! If this podcast is valuable for you, please share the show with a friend, a neighbor, your brother, or co-worker who is getting close to retirement. Just go to your favorite podcasting app, hit the share icon, then text or email the show link to someone you know who is eyeing retirement. 

Thanks for sharing the love and spreading the word. I hope you have a blessed Sunday. My name is Ashley Micciche, this is the Retirement Quick Tips Podcast.

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance