Episode Takeaways:
- Prepare for market corrections and recessions during retirement by adopting a defensive posture and investing in recession-proof assets.
- Understand the nature of the market and build portfolios that can withstand market fluctuations.
- Consider the fear of losing money and the desire for guaranteed income and loss prevention in retirement planning.
- Implement a two-pocket approach to investing, with a portion of the money in safe accounts and the rest in market-based investments.
- Create a retirement roadmap that includes analyzing portfolio volatility and risk.
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