Investing Near & In Retirement

Summary

In this episode of the Retire Ready podcast, Kolin and Kyle discuss investing in and near retirement. They start by explaining the difference between accumulation and decumulation phases and the importance of focusing on decumulation as retirement approaches. They then dive into the concept of 'naked investing,' where many people invest without a clear strategy or understanding of why they are investing. Kyle emphasizes the need for a thoughtful and well-planned approach to investing near and in retirement, considering factors like protection, liquidity, and growth. He also discusses the importance of tax planning and understanding market volatility.

Takeaways

• As retirement approaches, it's important to shift focus from accumulation to decumulation and develop a strategy for investing near and in retirement.
• Many people engage in 'naked investing,' investing without a clear strategy or understanding of why they are investing.
• Investing near and in retirement requires considering factors like protection, liquidity, and growth.
• Tax planning is crucial in retirement investing to minimize long-term tax bills.
• Understanding market volatility and having a realistic perspective on returns is essential for successful investing in retirement.

First Trust: https://www.ftportfolios.com/COMMON/CONTENTFILELOADER.ASPX?CONTENTGUID=4ECFA978-D0BB-4924-92C8-628FF9BFE12D

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Disclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This podcast is intended for educational purposes only. Nothing in this podcast constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. MOKAN Wealth Management is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.