Investment Mistakes

In this episode of The Truth About Money Jackie Selby and Bruce Weinstein discuss critical retirement investment mistakes that seniors should avoid. They emphasize the importance of understanding asset allocation and risk tolerance as one ages, highlighting the dangers of being overly conservative with investments. The conversation also covers the significance of diversification, particularly through REITs and ETFs, and the necessity of income planning to ensure a comfortable retirement. Listeners are encouraged to consult with financial advisors to tailor strategies that suit their individual needs and circumstances. In this conversation ,they discuss various financial strategies for securing a stable future, emphasizing the importance of saving for retirement, understanding social security, and planning for long-term care. He highlights the necessity of having a financial plan that includes insurance and investment strategies to ensure a comfortable retirement. The discussion also touches on the complexities of downsizing homes, managing family dynamics in estate planning, and the implications of required minimum distributions on taxes.

 

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