Retirement and investing your money.

rivermobster said:
Your perceptions are interesting...

The main reason I have and advisor is that I am absolutely against putting my funds at risk!

At 68 years old and retired, I want someone that manages money for a living handling MY money.

Dealing with financial investments is definitely not in my wheelhouse.

Although...

I've made a few bucks on Cloudflare, and a few other tech stocks, I've personally felt Very confident about. 😎
Click to expand...
One thing is for sure, we all have different situations and needs. And sometimes life throws a curve ball and adjustments should be made to hit the curve ball out of the park. A good advisor should be mindful of the needs of their clients and have plans in place to do what is best for their client. If they are putting their clients money in passively managed funds, fire them because they are collecting a fee for doing very little on their part.
I happen to enjoy investing and have been doing it for 45 yrs. It's amazing how much the markets and strategies have changed in that time. My advisor has shared with me her strategies she uses to find good investments and they have been very effective, which lowers my risk by making informed moves. Her best move was buying NVIDIA when I first moved my portfolio to her.
I will leave a legacy for my wife and what's left over will go to my two daughters and grandchildren, but the most valuable legacy I will leave them is education on how to manage their finances without relying on others to bail them out. Both of my daughters own their own houses and have at least 6 months of savings to cover expenses in case something happens.. That's worth more than any inheritance they will receive..
 
I hope that you've thought of this before and that you are really asking about how your investments change in retirement.

I assume you've been doing something all along....if not, you are way behind.

When I went to retirement planning, they said, don't listen to your friends (us).
 
@THD Made an excellent point and we have tried to do the same with our kids.

They don't have pension careers (yet) and already know the value of compound interest, HY Savings and all have IRA accounts. Automatic deductions and management of their credit has them leaps and bounds ahead of we were at their age.

They will retire even earlier and more comfortable then we did, same as we did compared to out parents....as it should be.
 
Wife stopped working to take care of her dad. I got a little over 2 years left, will be 59, will draw SS at 62. Completely debt free, own a house, and retirement property outright. 25%, plus 10% company match going into retirement. Socking away cash also. May or may not have enough in retirement, but thats what the Gubmint Teets are for.
 
That’s a great discussion, and it sounds like you’ve put a lot of thought into balancing growth with security. At 62, many people face the same question, how to keep their money working without taking on too much stress or unnecessary risk. Hard money lending can offer strong returns, but as you mentioned, it comes with cycles and borrower risk that can be hard to predict.

Some retirees are finding value in creating a diversified plan that mixes stable income investments with moderate market exposure. Firms such as RetireStrong Financial Advisors focus on building strategies that protect principal while still generating steady returns, especially for those nearing or already in retirement. You can learn more about how they structure personalized retirement portfolios through this website.

One of my clients’ biggest regrets was staying too conservative early in retirement, which limited their income flexibility later. A well-balanced approach — part market-based, part fixed-income or lending, often provides the best mix of growth and safety. The key is making sure the plan fits your risk tolerance and retirement timeline rather than chasing the highest advertised yield.
 
You must log in or register to reply here.
Back
Top