Running Out of Money Is the Greatest Retirement Fear. How to Avoid It With Two Retirement Experts
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Published 2019-02-01
All Comments (9)
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Saving for retirement is great, but why not advise debt reduction as well? I see many retirees carrying way to much excessive debt without any thought. Another great show Consuelo.
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How nice it would be to live off the dividends of one’s portfolios rather than using any of the principal
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Why not just convert to a Roth, let it run for 20 years and take it out if you need it? Kind of self insurance! Living on $40k a year from $1 million? Plus Social Security, plus any pension you might have, and you can also do a little part time work if needed. This seems like it would be a pretty reasonable retirement! If you somehow can delay taking Social Security until 70, you'll be even better off
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I have seen other videos, where Christine is touting the benefits of the "bucket strategy", vs. a standard asset-allocation approach. In therory..I think her plan has some merit..HOWEVER..she NEVER is precise, about how (or when) to begin reducing (or liquidating entirely) BUCKET #3! This "vaguery" drives me CRAZY!
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Great vid
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Don't say what Happened if reach 40yrs of employment in your organization but age 60 may cost effective working longer.
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Everyone is already broke and the Wells Fargo answer buy more insurance. These financial advisors act like at 85 your going to be out active playing golf/tennis traveling the world. The reality is nursing homes are full of 80 plus yr olds spending the money they have from selling home and will end up kn medicaid., and Wells Fargo say work till your 70. They never talk about how much more money they make while managing your account the extra 5yrs they encourage you to work.
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Everybody is already broke and don't know it.
