In this episode, financial advisors Jim Martin and Casey Bibb discuss the intricacies of target date funds, commonly found in 401(k) plans. They explain how these funds automatically adjust asset allocation as you approach retirement and analyze the pros and cons of such investments. They emphasize the importance of understanding your risk tolerance and ensure your investments match your retirement goals. The show also covers practical tips for safeguarding your assets, including reviewing insurance coverage and considering natural disaster risks. Additionally, Jim and Casey explore the unconventional topic of 'sleep divorce' for better marital bliss.
00:00 Introduction to Target Date Funds 00:19 Understanding Target Date Funds 03:45 Pros of Target Date Funds 05:12 Cons of Target Date Funds 12:21 Alternatives to Target Date Funds 14:00 Retirement Locations and Natural Disasters 19:50 The Concept of Sleep Divorce 24:48 Conclusion and Final Thoughtshttp://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.
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