Summary:
Are you ready to retire? Can you do so without going crazy? Drew Pelton comes on the show to speak about this. The concept of retirement has changed over time for a number of reasons—inflation being a key component. Tune in for more insight on how to minimize risk and prepare for this transition.
Highlights:
-If you’re more financially secure, you are more ready for this transition
-The concept of retirement has changed for many reasons
-If you don’t plan adequately, you may face some serious issues
-If a lot of your wealth is in your home, it makes sense to downsize and free up your capital
-Bond-like instruments generate income
-A balance between income investments and equities should be the focus
-Minimizing risk can be done by looking at individual security
-There are financial measurements that can be assessed to analyze risk
Useful Links:
Financial Survival Network
Drew Pelton