Early Financial Lessons, Asset Allocation, and Securing Retirement with $2 Million

In this episode of Financial Conditioning, Simon Karmarkar begins by sharing early financial lessons that shaped his approach to money management. He recounts a pivotal experience with a financial advisor at Empower, which led to a deeper understanding of asset allocation and diversification strategies. Simon emphasizes the importance of consulting with financial professionals to optimize financial planning. The discussion then shifts to retirement planning, specifically focusing on strategies for those with $2 million in savings. Simon provides actionable steps for securing financial stability in retirement. The episode concludes with reflections on these insights, offering a roadmap to financial security. (0:00) Introduction and early financial lessons (1:20) Turning point with a financial advisor at Empower (2:23) Asset allocation and diversification strategies (3:13) The importance of consulting with a financial professional (4:01) Retirement planning with $2 million in savings (5:32) Actionable steps for financial security in retirement (6:52) Conclusion and final thoughts