432: Hesitant to Invest? How to Avoid Running Out of Money During Retirement
Terrified of running out of money in retirement? Countless people share the same fear. With so much recent discourse surrounding inflation and a looming recession, you may have a tighter grip on your money than usual. Today’s guest is here to help cool some of your concerns.
In this episode of the BiggerPockets Money podcast, we’re joined by David Stein from Money for the Rest of Us, who believes there are reasons to be optimistic about the economy and even more reasons to stay on the straight and narrow when it comes to investing. If you’re easily overwhelmed by the thought of investing or choosing the right asset classes, David’s message is clear: investing doesn’t need to be difficult. There are plenty of tools the average person can use to invest, grow their nest egg, and have enough money for retirement. Don’t let fear stop you from putting your money to work!
Whether you’re a novice or long-time investor, you’re in for a treat with today’s episode. Tune in as David addresses several issues—including the current state of the economy, whether we should brace for a recession, and the markets he’s investing in. He also talks about the benefit of steering clear of individual stocks in lieu of ETFs and index funds, as well as when it might be smart to buy an immediate annuity!
In This Episode We Cover
The four-percent rule and how to avoid running out of money in retirement
How current returns on real estate compare to those of other asset classes
The benefit of buying exchange-traded funds (ETFs) and index funds in lieu of individual stocks
Diversifying your investment portfolio to include non-U.S. markets
Three important principles to focus on when deciding where to invest
Buying annuities to lock in an additional income stream during retirement
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
Finance Review Guest Onboarding
Grab Scott’s Book, “Set for Life”
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Listen to The Real Estate InvestHER Show
Join The Real Estate InvestHER Community on Facebook
Register for an Upcoming InvestHER Event
Choosing the Right Investment Type for Your Goals with David Stein
Check Out the Latest Five-Year TIPS at TreasuryDirect
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-432
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