Ep. 201 - RETIREMENT BIGGEST LIE - WHY THE 4 percent RULE COULD BE FAILING YOU!

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Unlocking Retirement Security with Steve Selengut: Income Independence Strategies

In this episode of the Merging Life and Money Show, host Marie-Jo Caesar welcomes special guest Steve Selengut, a bestselling author and investment advisor with over 40 years of experience. Steve shares his unique approach to retirement planning, focusing on generating reliable income without selling investments—a strategy effective in both rising and falling markets. The discussion covers essential topics such as the concept of income independence, risk minimizers, portfolio management, and the critical importance of diversification. Steve also compares portfolio management to running a department store, emphasizing the need for quality, diversification, and profit-taking. This episode provides valuable insights for anyone aiming to achieve financial security and peace of mind in retirement.

3 Main Points

 ✅ Income Independence Focus: 

Steve Selengut highlights the importance of generating a steady income stream for retirement, ensuring financial security despite market changes, rather than solely accumulating wealth

 ✅ Four Financial Risk Minimizers: 

Steve identifies four key strategies to reduce financial risk—quality, diversification, income, and profit-taking—essential for protecting investments and maintaining stability, especially for retirees.

 ✅ The Department Store Analogy: 

Steve likens portfolio management to a department store, emphasizing the importance of diversification and inventory management to spread risk and consistently secure profits.

 🕒 KEY MOMENTS IN THIS EPISODE 

 00:00 – Special Guest Introduction

01:59 - Income Independence vs Wealth Accumulation

07:58 - The 4 Great Financial Risk Minimizers

17:40 - Implementing Risk Minimizers for Average Investors

20:54 - Risk Minimizers Across Different Life Stages

23:31 - Adjusting Financial Thinking in Today's Economy

25:21 - The Department Store Analogy

27:30 - Inventory Management Strategies

30:50 - Restocking Techniques

32:40 - Importance of Diversification

35:00 - Tenant Selection Best Practices

41:54 - Achieving Income Independence

47:10 - Understanding the 4% Rule

52:30 - Steps to Achieve Income Independence

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