Oct 19, 2022
In this episode, The Annuity Man discussed:
- Market dreams kill retirement plans
- It’s time for you to live your life
- Do you have a plan in place?
- Chasing the markets is nonsense
Key Takeaways:
- Advisors are telling people to stay the course but that’s easy to say when it’s not their money that’s on the line. Market dreams and market addiction to growth is killing retirement, it's killing people's retirement plans.
- If you are transitioning to chapter two of your life, then you have already laid it all on the line. You’ve scrimped and saved and won the game, now it’s about you. It’s time to live your life for yourself.
- Establish an income floor and have a plan in place in the case that you lose cognitive ability or if you die. Don’t leave the burden to your spouse who might not care about the markets as much as you do. That will just leave them open to getting manipulated by financial advisors.
- Stop the nonsense of chasing the markets. Is it really worth it to risk your retirement when things go south? Do you really want to lose 10% or 20%?
"The advisor is not your friend. It's not their money. It's your money. Stay the course for what? Life is fleeting." — Stan The Annuity Man
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Email: Stan@TheAnnuityMan.com
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YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g
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