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How to make it, spend it, and invest it

13 Feb 2019

Mastering Money 2/13/19

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Prior to retirement, investment mistakes and market losses tend to be measured PERCENTS rather than dollars. After retirement, retired investors stop thinking in terms of “percents” and start thinking in terms of DOLLARS. On a million-dollar-portfolio, a ten percent loss is no fun, but investors who are years away from retiring may shuck it off– No big deal! However, a ten percent loss AFTER you retire IS a big deal! Think about it, a ten percent loss on a million dollar portfolio is a HUNDRED THOUSAND dollars–which IS a big deal. Face it–When you’re retired, you don’t even want to lose TEN thousand dollars–let alone fifty or a hundred thousand! If you want a strategy where you can stop losing money and never run out of income, you don’t want to miss today’s show! MASTERING MONEY is on the air!