I don't know how helpful my comments will be, but here it is. I totally get Steves fear. I live it, too. I love your approach to what he can handle and let him get more comfortable with some volatility. Then MAYBE he can start to be able to handle a tiny bit more and see the tiny gains needed to get him to his "needs". Because those are his "wants". And that is the goal.
Building Steve's confidence is paramount to him understanding of the day to day market and possibly expanding his aggressiveness in future. Spot on Dustin
This is the kind of thoughtful investing that most retail investors overlook or perhaps don’t understand. A top down approach that addresses absolute return with context given to what is your systematic risk (beta) and volatility (standard deviation). Steve should be interested in how correlated the funds are and if Jazz institutes any cost basis reduction to enter and exit positions ie selling OTM short premium which would further reduce portfolio volatility. Happy investing
Wealthfront has a savings account with 2.57% with zero risk. There is a low volatility fund called SPHD that is like 4.25% yield and it pays dividends monthly. The expense ratio is kind of high though it’s 0.30%. Also realty income is a great reit that has a 3.91% dividend and pays monthly and has done it for 589 months, that’s a long time. I do like your plan for Steve though. If he reinvests a small portion of that 3.13% he can get to 4%-5% faster.
Steve I know you don't want to count on disability but when you factor that in at $2K a month that's $24K so your halfway to 50K to the high goal. Go about half of the portfolio in Dustin's strategy then the rest in the mild 20% mild aggressive ETF, 10% Long Term Moderate, 20% International.
absolutely the best approach. If you had scared him off with risky investment strategies he might invest with a less competent manager or not at all. you're also removing stress from the scenario, so in the long run his health/sanity will benefit.
Hello, I have 2 things in common with Steve. My age, I turn 54 next month. And disability, I recently found out that I have Parkinson's. Unlike Steve, I have very little money put away in savings. I am not currently collecting disability, but fortunately, I do have a small pension. This pension is small, but with hard work on my part, I will be able to pay off my debts and leave something behind for my children and grandchildren.
I would suggest he first gets help with his rental. 2 mortgages on a break even property!!! Soon as he needs a new HVAC or roof 20% of his $50k goes bye bye. He is carrying alot of risk and needs to roll out or make it cash flow generating. I would draw down on his portfolio and tell him to cool it on his travels to dodge that bullet.
I would rather have treasury than municipal bonds. I think the total risk in munies is understated and would rather take more risk in remaining portfolio than take the slightly better yeild.
The total yield comparison is probably higher but you need to remember muni bonds are tax free federally and state tax. That's why I have the Vanguard NJ tax exempt bond fund in my taxable account. It yields about 5% and the equivalent non tax exempt bond would need to yield over 7% to be equivalent when taxes are considered.
This is a perfect video for me at this time. I have a brother in law that sounds just like the Steve. He can't handle the ups and downs of the market and is retired. I have written down the 3 things to ask him...Need?...Want?...and What can you handle? First thing is to find out what he needs per month to cover his expenses (budget). The second thing is his wants, such as traveling or making some purchases which he would need to put money aside from his income per month or draw from his money. Third is you want to be able to sleep at night. Very good video and will help me as I approach retirement in the next 2 years.
Has steve watched your video on the fictional lady that only invested right before each market crash and still ended up wealthy? That helped me have confidence in the high risk funds.
Hey Dustin and Steve. First off, I am a jazz customer and I could not be happier. However, personally I would take a slightly different approach. I would swing just a little harder and keep 3 years of expenses in a high yield savings account. I would only draw from the savings account for my needs. If the market does okay one year, fill the savings account back up to 3 years. If one year it does poorly don’t fill the savings account back up. When the market recovers, then fill it back up. Statistically 3 years should be all you need. This helps with Volatility concerns and helps with sequence of return risk. By no means am I saying Dustin’s plan is bad. No no no. He knows way more than I do. But I have put a ton of effort into learning a scenario nearly exactly like this and almost always the plan I laid out ends up with the highest rate of success with money left over.
Couldn't you just achieve the same or better results doing 1 year in a HYSA and then 2-3 years in the low volatility/bond folio then the rest in swinging for the fences folios? If the market drops +10% you can suspend rebalancing and draw down the bond low volatility portion of the portfolio. I like Dustin's plan because you never touch the principle where this plan you pull out principle dollars. I guess if you re-invest all dividends then maybe it balances out.
Would investing him in a high yield savings account be a good idea? I remember reading wealth front was paying out 2.57%. From what I understand it’s 0 risk too.
I think you should deliver a portfolio they are comfortable with, while encouraging them through lessons and talks that they could be doing better. Let them dip their toe in, then let them be dunked later.
Immediate annuity inflation adjusted will take care of his needs but theres no $ left for wants and like to haves if he's insistent on not counting disability
I believe this is a great approach. The transparency and reasoning you provide here is very comforting. Question: how do you allocate to each of these funds?
I am only looking from perspective of withdrawing dividends. If Steve withdraws 3% dividends vs reinvesting it, doesn't his portfolio decrease by that same amount? That's how I saw happen to one out my stock funds, it gave $1 dividend (example), but the stock price decreased my $1 the next day. Same happens to my mutual funds when it comes to dividends.
Sorry for the weird, left field question but...what is the translucent white shape that flies across the blackboard at 3:38? Some kind of insect? Good video, BTW -- I am 55.
Love the videos Dustin; this question is unrelated to this video. Your mentioning of adding a municipal fund sparked this question. Would investing a portion of my emergency fund in a municipal fund be an okay idea? I understand that an emergency fund needs to be liquid so I will always have at least 50% in cash but my cash investment is at the same firm. It’s no more than two days away from checking account. As a 27 year old, it seems that I can benefit from years of dividend reinvestment in this fund if I never have to touch it, potentially creating a strong fixed income at retirement. Given this would be done in a taxable account so there would be no penalty to get at the money.
What did I miss? First is the 1M and 40-50k/yr income need pre-tax or after-tax? Second, how is 3.13% off his investments going to meet his needs if he won’t count his SS disability he will get for life? Net 30k from investments plus the 28k from disability (favorable taxation?) will get him to his 50k goal and more.
So figuring 20% to each of the 5 funds? I don't think I'd be doing the bond fund. Can do no risk CD for that yield (or better). I'm also a bit uncomfortable with that large an allocation to REIT, especially with his existing rental. Can we figure out a way to cash flow the rental? 1031 exchange for a different property that does flow? As is it sounds like a problem. Maybe 10% to 15% to cash (instead of bonds), 25% to 20% each to the 3 stock funds, 15% max to REIT. I'd do 25% ea to stock, 10% cash and 15% REIT. That is not quite 3% yield, so needing $10,000 per year from the $100,000 cash there is 10 years of tapping that cash while we wait for a rebalance opportunity to replenish it from gains. I recently did something like this in a test account. I can handle volatility, so two complementary dividend funds (33% ea), all ex-us fund (25%) and the rest (9%) in cash. Current yield is about 3.1% so right in your ballpark. Betas are 0.96, 1.0, 0.85 for the three funds so probably a non-starter for Steve. (You didn't mention any tickers, so neither did I but I have elsewhere.)
Sylvan Butler you don’t invest in bond funds for the yield but the safety and capital gains. My Vanguard long term treasury is up as much as many stock funds this year.
I understand Steve's concern. I think if you can offer him a portfolio that gives him what he needs and simplifies it all for him, he will eventually become comfortable enough to allow a little more aggressive approach. Remembering that he has the safety cushion of his disability, even though he doesn't want it. Within a year I'd bet he's comfortable enough to open up. I'm guessing that most of your clients are much more comfortable with risk. Steve is clearly not. He needs to be comfortable with you first, I'm thinking.
Invest in a diverse amount of dividend stocks that yield 4-5% and reinvest the excess amount back into the “dogs” of his portfolio. 1 million into dividend stocks at a conservative 4% dividend yield will bring him a cool 40k a year. Also, Dustin remind “Steve” he won’t be paying any taxes on “qualified dividends” up to 39k if he’s single and 78k if he’s married. So if he’s equating his earned income from working and long term capital gains at the same tax rate he’s may feel more at ease. In my case if I make 50k a year working I actually would take home less than if I earned 40k in qualified dividends and didn’t work a single hour.
Low vol portfolio plus rent out his house for that passive income, find a less expensive place for himself that will be taken care of with his passive income. Travel the world Steve!
For Steve, I have to second this approach. His extreme aversion to risk makes him the perfect candidate for annuities. A basket of 5 or 6 from unrelated, solid issuers to reduce any institutional risk?
@Miranda - When you purchase a stock, you are purchasing a portion of a real business. Depending on the type of business it is, it may return a portion of it's cashflow to investors as a dividend. If you own 100 shares of company A, and company A pays a quarterly dividend to shareholders of $0.25, you would receive $25.00 automatically in your brokerage account on the payout date. By continuing to hold your original shares, you can plan for future cashflow of $25 every quarter, or $100 per year. Search for "dividend growth investing" to learn more about various strategies people use at various stages of their lives to use current income from stocks to their advantage. Good luck! :-)
When it comes to the stockmarket nobody knows what is going on, The financial collapse in 2008 was hidden. No analyst seen it coming. The thing is dont put anything in a investment that you cant be willing to lose.
I think I would pass on this guy. Maybe his momma can hold his hand during the downturns. Doesn't want to use his SS disability for income?? He is essentially getting his FRA SS benefit at age 55, which is a GREAT deal. Assuming he is not near death, he should be in the market for the long run with about 6 mutual/index funds. At 70-75, shift to more conservative funds.
Aggressive Growth 5 % to catch the highs and lows of the market. Growth and income 70 % cash-flow. Growth 15% bluechip large companies. International 10% to diversify.
Stop listening to Dave Ramsey lol He knows how to get out of debt and sell real estate but hes not a financial advisor. He doesnt even pick his own mutual funds hes just repeating what some guy told him. Plus hes working with way more money than most people. Those front load and expense fees dont bother him but for the average Joe the add up to tens of thousands over 30 years. Invest in mainly index funds like Nasdaq and S&P or total market and maybe find one or two good growth funds. 90% of then dont beat the index and the ones that do cost like a million dollars to invest and you cant get into them like Dave can.
Sounds good to me... I'm 51 and I just broke up with my GF who is roughly my same age because she won't pay attention to her retirement (which is super far behind). Having a little money is more or less a recent development for me and people throwing away so much money around 2006--2009 actually helped me out.. I HAVE NO INTENTION OF GOING BACK!!! If you're in your 40's or 50's and your money and /or retirement situation is FUBAR'ed GO GET SOME HELP!!! Then, after you finish asking somebody that does know better FOLLOW THEIR SUGGESTIONS. If you can't handle that... LEAVE FOLKS ALONE AND USE THE LAST OF YOUR MONEY TO MAKE A CUSTOM SHOPPING CART/ MINI HOME.
I stopped watching when you put a million dollars up on the screen. this is unrealistic to the vast majority of us. if your target audience is those who have a million saved at 55 years old, let me know so I can un subscribe. Are there channels out there for those of us left in the middle class?
The far far majority of people on this planet will never make a million dollars yet alone have that in the bank. Invest conservatively, keep the piece of mind.
The reason they will never have it is that they invest conservatively. If you still have 5 to 10 years before you need to use your investments, you owe it to yourself to invest aggressively. If you make 25,000 dollars a year for 40 years you will have earned one million dollars, but if you invest aggressively just $2,000 a year for 40 years you can HAVE a million dollars.
I don't know how helpful my comments will be, but here it is. I totally get Steves fear. I live it, too. I love your approach to what he can handle and let him get more comfortable with some volatility. Then MAYBE he can start to be able to handle a tiny bit more and see the tiny gains needed to get him to his "needs". Because those are his "wants". And that is the goal.
Building Steve's confidence is paramount to him understanding of the day to day market and possibly expanding his aggressiveness in future.
Spot on Dustin
I like your thoughts, Dustin. I agree with all you've laid out here. Go Steve, don't turn back. Dustin's got you, man!
This is the kind of thoughtful investing that most retail investors overlook or perhaps don’t understand. A top down approach that addresses absolute return with context given to what is your systematic risk (beta) and volatility (standard deviation). Steve should be interested in how correlated the funds are and if Jazz institutes any cost basis reduction to enter and exit positions ie selling OTM short premium which would further reduce portfolio volatility. Happy investing
Wealthfront has a savings account with 2.57% with zero risk. There is a low volatility fund called SPHD that is like 4.25% yield and it pays dividends monthly. The expense ratio is kind of high though it’s 0.30%. Also realty income is a great reit that has a 3.91% dividend and pays monthly and has done it for 589 months, that’s a long time. I do like your plan for Steve though. If he reinvests a small portion of that 3.13% he can get to 4%-5% faster.
7twelve portfolio modified with a little more bond and dividend emphasis and a 4% withdraw rate and rent out the income property.
Steve I know you don't want to count on disability but when you factor that in at $2K a month that's $24K so your halfway to 50K to the high goal. Go about half of the portfolio in Dustin's strategy then the rest in the mild 20% mild aggressive ETF, 10% Long Term Moderate, 20% International.
absolutely the best approach.
If you had scared him off with risky investment strategies he might invest with a less competent manager or not at all. you're also removing stress from the scenario, so in the long run his health/sanity will benefit.
Hello, I have 2 things in common with Steve. My age, I turn 54 next month. And disability, I recently found out that I have Parkinson's. Unlike Steve, I have very little money put away in savings. I am not currently collecting disability, but fortunately, I do have a small pension. This pension is small, but with hard work on my part, I will be able to pay off my debts and leave something behind for my children and grandchildren.
Very prudent. Fits the client's needs
What about factoring in fees?
I like it. If he can turn that property into income then this should be easy peasy
The market can be scary sometimes, so taking the safer route with less volatility is the right thing for "Steve" at his age.
I would suggest he first gets help with his rental. 2 mortgages on a break even property!!! Soon as he needs a new HVAC or roof 20% of his $50k goes bye bye. He is carrying alot of risk and needs to roll out or make it cash flow generating. I would draw down on his portfolio and tell him to cool it on his travels to dodge that bullet.
I would rather have treasury than municipal bonds. I think the total risk in munies is understated and would rather take more risk in remaining portfolio than take the slightly better yeild.
The total yield comparison is probably higher but you need to remember muni bonds are tax free federally and state tax. That's why I have the Vanguard NJ tax exempt bond fund in my taxable account. It yields about 5% and the equivalent non tax exempt bond would need to yield over 7% to be equivalent when taxes are considered.
The only question I have is on the bond fund, why would I do a bond fund over a high yield savings account
This was impressive. Dustin & I have spoken before. I'm going to be Steve very soon & fully intend on transferring to Jazz Wealth, if they'll have me.
What are the plans for the monthly disability check? Talk about leaving money on the table.
Navy Federal CU 3.5% CD 5yr
You Sir are a very smart man!
This is a perfect video for me at this time. I have a brother in law that sounds just like the Steve. He can't handle the ups and downs of the market and is retired. I have written down the 3 things to ask him...Need?...Want?...and What can you handle? First thing is to find out what he needs per month to cover his expenses (budget). The second thing is his wants, such as traveling or making some purchases which he would need to put money aside from his income per month or draw from his money. Third is you want to be able to sleep at night. Very good video and will help me as I approach retirement in the next 2 years.
“I’m Joe and I have $1000.” :-) Great job with your TH-cam channel and thanks for sharing your insight with us. Take care.
This guy is doing his job!!
Has steve watched your video on the fictional lady that only invested right before each market crash and still ended up wealthy? That helped me have confidence in the high risk funds.
Hey Dustin and Steve. First off, I am a jazz customer and I could not be happier.
However, personally I would take a slightly different approach. I would swing just a little harder and keep 3 years of expenses in a high yield savings account. I would only draw from the savings account for my needs. If the market does okay one year, fill the savings account back up to 3 years. If one year it does poorly don’t fill the savings account back up. When the market recovers, then fill it back up. Statistically 3 years should be all you need. This helps with Volatility concerns and helps with sequence of return risk.
By no means am I saying Dustin’s plan is bad. No no no. He knows way more than I do. But I have put a ton of effort into learning a scenario nearly exactly like this and almost always the plan I laid out ends up with the highest rate of success with money left over.
Couldn't you just achieve the same or better results doing 1 year in a HYSA and then 2-3 years in the low volatility/bond folio then the rest in swinging for the fences folios? If the market drops +10% you can suspend rebalancing and draw down the bond low volatility portion of the portfolio. I like Dustin's plan because you never touch the principle where this plan you pull out principle dollars. I guess if you re-invest all dividends then maybe it balances out.
Would investing him in a high yield savings account be a good idea? I remember reading wealth front was paying out 2.57%. From what I understand it’s 0 risk too.
2.57% doesn't keep up with inflation. Plus he is retiring relatively young so he needs some growth above inflation.
2.57% can also drop. High Yield Rates fluctuate as well. Back in 2009 when the market tanked you were lucky to get .5% on cash for a stretch.
put some of it in short term bonds/treasury bills...yields over 2.6% and pays monthly....such as mint and gsy
I think you should deliver a portfolio they are comfortable with, while encouraging them through lessons and talks that they could be doing better. Let them dip their toe in, then let them be dunked later.
Immediate annuity inflation adjusted will take care of his needs but theres no $ left for wants and like to haves if he's insistent on not counting disability
I believe this is a great approach. The transparency and reasoning you provide here is very comforting. Question: how do you allocate to each of these funds?
I am only looking from perspective of withdrawing dividends. If Steve withdraws 3% dividends vs reinvesting it, doesn't his portfolio decrease by that same amount? That's how I saw happen to one out my stock funds, it gave $1 dividend (example), but the stock price decreased my $1 the next day. Same happens to my mutual funds when it comes to dividends.
Thanks Dustin love to see how the funds are put together.
Sorry for the weird, left field question but...what is the translucent white shape that flies across the blackboard at 3:38? Some kind of insect?
Good video, BTW -- I am 55.
just looks like a car reflection driving by from a window in front of the blackboard
Love the videos Dustin; this question is unrelated to this video. Your mentioning of adding a municipal fund sparked this question.
Would investing a portion of my emergency fund in a municipal fund be an okay idea? I understand that an emergency fund needs to be liquid so I will always have at least 50% in cash but my cash investment is at the same firm. It’s no more than two days away from checking account. As a 27 year old, it seems that I can benefit from years of dividend reinvestment in this fund if I never have to touch it, potentially creating a strong fixed income at retirement. Given this would be done in a taxable account so there would be no penalty to get at the money.
Vanguard high dividend fund should be invested in !
What did I miss? First is the 1M and 40-50k/yr income need pre-tax or after-tax? Second, how is 3.13% off his investments going to meet his needs if he won’t count his SS disability he will get for life? Net 30k from investments plus the 28k from disability (favorable taxation?) will get him to his 50k goal and more.
So figuring 20% to each of the 5 funds? I don't think I'd be doing the bond fund. Can do no risk CD for that yield (or better). I'm also a bit uncomfortable with that large an allocation to REIT, especially with his existing rental.
Can we figure out a way to cash flow the rental? 1031 exchange for a different property that does flow? As is it sounds like a problem.
Maybe 10% to 15% to cash (instead of bonds), 25% to 20% each to the 3 stock funds, 15% max to REIT. I'd do 25% ea to stock, 10% cash and 15% REIT. That is not quite 3% yield, so needing $10,000 per year from the $100,000 cash there is 10 years of tapping that cash while we wait for a rebalance opportunity to replenish it from gains.
I recently did something like this in a test account. I can handle volatility, so two complementary dividend funds (33% ea), all ex-us fund (25%) and the rest (9%) in cash. Current yield is about 3.1% so right in your ballpark. Betas are 0.96, 1.0, 0.85 for the three funds so probably a non-starter for Steve. (You didn't mention any tickers, so neither did I but I have elsewhere.)
Sylvan Butler you don’t invest in bond funds for the yield but the safety and capital gains. My Vanguard long term treasury is up as much as many stock funds this year.
“Steve” - switch to Jazz you won’t regret it. Plus you will get to watch wine and wealth from your cruise ship balcony 😎
Liked your approach!
I understand Steve's concern. I think if you can offer him a portfolio that gives him what he needs and simplifies it all for him, he will eventually become comfortable enough to allow a little more aggressive approach.
Remembering that he has the safety cushion of his disability, even though he doesn't want it. Within a year I'd bet he's comfortable enough to open up.
I'm guessing that most of your clients are much more comfortable with risk. Steve is clearly not. He needs to be comfortable with you first, I'm thinking.
Dustin, use Josh's (other web channel) barbell approach. 2-3 years cash and invest the rest smartly.
I would need to know the amount of money invested in each fund to comment. What would the stock to bond ratio be?
Dustin..was it equal allocation of those funds?
I'd put the whole Mill on Red
Invest in a diverse amount of dividend stocks that yield 4-5% and reinvest the excess amount back into the “dogs” of his portfolio.
1 million into dividend stocks at a conservative 4% dividend yield will bring him a cool 40k a year.
Also, Dustin remind “Steve” he won’t be paying any taxes on “qualified dividends” up to 39k if he’s single and 78k if he’s married. So if he’s equating his earned income from working and long term capital gains at the same tax rate he’s may feel more at ease.
In my case if I make 50k a year working I actually would take home less than if I earned 40k in qualified dividends and didn’t work a single hour.
Where did you get that cool chalkboard?
Low vol portfolio plus rent out his house for that passive income, find a less expensive place for himself that will be taken care of with his passive income. Travel the world Steve!
Maybe rent his house and live in his rental! (that rental that doesn't produce income and he cannot sell sounds like a problem)
The plan looks solid. Steve gets what he needs without the added stress. That is worth leaving money on the table.
Agree with your approach
Four years later and REIT's have cratered....
great job, if i was your customer i would be very happy
JUST DO IT !!
Nay Federal CU is pay 3.5% on 5 YR CD no risk
Exactly what I would do.
You'd have to build a 5 year CD ladder and maybe Steve needs this money today and can't wait 5 years for the first CD to mature.
Inflation
Good video but I must say I’m annoyed with “Steve”. Lol. Anyone who has $2,350 coming in and is a millionaire has no worries.
Why don’t you look into Index annuities? Those provides guaranteed income for life.
For Steve, I have to second this approach. His extreme aversion to risk makes him the perfect candidate for annuities. A basket of 5 or 6 from unrelated, solid issuers to reduce any institutional risk?
Solid plan
Sounds like good strategy to me.
I’m wondering what dividends are? Individual stocks instead of mutual funds?
@Miranda - When you purchase a stock, you are purchasing a portion of a real business. Depending on the type of business it is, it may return a portion of it's cashflow to investors as a dividend. If you own 100 shares of company A, and company A pays a quarterly dividend to shareholders of $0.25, you would receive $25.00 automatically in your brokerage account on the payout date. By continuing to hold your original shares, you can plan for future cashflow of $25 every quarter, or $100 per year. Search for "dividend growth investing" to learn more about various strategies people use at various stages of their lives to use current income from stocks to their advantage. Good luck! :-)
And Steve has no debt lol. Your videos are fantasy but entertaining
"he has no debt" 5 minutes later "he has a property with 2 notes on it with 75K due"
Looks good to me
Leave the worries to the pros or you will hurt yourself over the long run
Hey d
You always assume a high amount of retirement funds already saved. Doesn’t apply to most of us trying to get advice from you.
Not enough information on Steve. What is his goal? How much does he need?
Watch the first 2 minutes of the video. Dustin literally states all this in the beginning.
When it comes to the stockmarket nobody knows what is going on, The financial collapse in 2008 was hidden. No analyst seen it coming. The thing is dont put anything in a investment that you cant be willing to lose.
I think I would pass on this guy. Maybe his momma can hold his hand during the downturns. Doesn't want to use his SS disability for income?? He is essentially getting his FRA SS benefit at age 55, which is a GREAT deal. Assuming he is not near death, he should be in the market for the long run with about 6 mutual/index funds. At 70-75, shift to more conservative funds.
With this grossly overvalued market?? Not me.
Aggressive Growth 5 % to catch the highs and lows of the market.
Growth and income 70 % cash-flow.
Growth 15% bluechip large companies.
International 10% to diversify.
Stop listening to Dave Ramsey lol He knows how to get out of debt and sell real estate but hes not a financial advisor. He doesnt even pick his own mutual funds hes just repeating what some guy told him. Plus hes working with way more money than most people. Those front load and expense fees dont bother him but for the average Joe the add up to tens of thousands over 30 years. Invest in mainly index funds like Nasdaq and S&P or total market and maybe find one or two good growth funds. 90% of then dont beat the index and the ones that do cost like a million dollars to invest and you cant get into them like Dave can.
Sounds good to me... I'm 51 and I just broke up with my GF who is roughly my same age because she won't pay attention to her retirement (which is super far behind). Having a little money is more or less a recent development for me and people throwing away so much money around 2006--2009 actually helped me out.. I HAVE NO INTENTION OF GOING BACK!!!
If you're in your 40's or 50's and your money and /or retirement situation is FUBAR'ed GO GET SOME HELP!!! Then, after you finish asking somebody that does know better FOLLOW THEIR SUGGESTIONS.
If you can't handle that... LEAVE FOLKS ALONE AND USE THE LAST OF YOUR MONEY TO MAKE A CUSTOM SHOPPING CART/ MINI HOME.
I stopped watching when you put a million dollars up on the screen. this is unrealistic to the vast majority of us. if your target audience is those who have a million saved at 55 years old, let me know so I can un subscribe. Are there channels out there for those of us left in the middle class?
60% bonds, 20% dividends, 20% reits
Just buy a guaranteed annuity
The far far majority of people on this planet will never make a million dollars yet alone have that in the bank. Invest conservatively, keep the piece of mind.
The reason they will never have it is that they invest conservatively. If you still have 5 to 10 years before you need to use your investments, you owe it to yourself to invest aggressively. If you make 25,000 dollars a year for 40 years you will have earned one million dollars, but if you invest aggressively just $2,000 a year for 40 years you can HAVE a million dollars.
Looks like you don’t communicate with your viewers.
Kind of. We cannot legally give advice or answer questions seeking advice.