How To Tame The Top 5 Risks in Retirement
Vložit
- čas přidán 4. 07. 2024
- Business Inquiries: info@wellbuiltwealth.ca
Well Built Wealth: www.wellbuiltwealth.ca/
Links:
- Planning software we use: Conquest www.conquestplanning.com/en-c...
- The Big Picture: www.investmentsillustrated.co...
- War Chest video: • Retirement War Chest |...
------
Intro (0:00)
#1. Lame investment returns (0:47)
#2. Market downturns (4:17)
#3. Terrible sequence of return (6:10)
#4. Excessive inflation (9:59)
#5. Outliving your money (15:24)
------
DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provide investment advice and, therefore, does not provide specific investment recommendations. Those looking for specific investment advice should seek out a registered professional.
Thumbs up for your wife AND your chill response!!
I enjoyed your complete integral take on economics, finance, and retirement.
Some great advice here Reece. I didn’t get my s**t together until later in life, but I’ve been lucky to find a decent job with a DB pension.
I’m working to 70. Maybe even 71. And it’s not because anyone is holding a gun to my head, either. I like my job, I’m in good health, and my family health history suggests I’ll be around long into my 80s. I’m holding off on CPP/OAS to 70 and that deferred retirement gives me years of full income to pay off debt and put into savings. Between CPP, OAS, and my DB pension I’ll never have to worry about needing GIS.
This is a smart video and you present the concepts well!
Well, thank you sir! And it sure sounds like you’re lining things up well :)
Good video today Rhys. 👌
Condolences to your family on Grandfather’s passing.
Thank you so much! He was an awesome human and it was a wonderful celebration of life.
Good info! Thanks. I need to work on my war chest, the changes in inflation you showed are dramatic!! My condolences to you and your wife's family
I love this channel. Very good advice and wisdom. Well done.
I appreciate that! Thank you :)
This was a fantastic video, Rhys! I cant believe how much information you packed in 👌👏
Well, thank you kindly!!
Excellent video Rhys!! My sympathy to your family. (BTW I really like the colour of your shirt, it's a happy colour!!😁)
Excellent information. I appreciate the bit about taking on more investment risk to combat inflation. That knowledge makes it easier to handle the up/down swings in a portfolio.
Exactly!! :)
Health trumps wealth at every turn and for every return ! 96% of money managers could not beat the market indices. Yep ! Well known fact ! Great podcast ! Past a certain age...take good care of your health and beware of the major corrections at a certain age.
Rising asset values and index investing has been a winner for the past 45 years as interest rates have trended down (linear thinking) but when the interest rate dynamic changes (cyclical thinking) so do the the returns. I think the term used is recency bias. Thanks for the channel.
Great video
Thanks!
Hello, thanks for the great videos, can make a video about retiring abroad with a dcpp plan please ? Thanks a bunch
How does a person buy an annuity ? A segment on that subject would be great.
Usually, through an insurance agent. That said, you can go to many of the large insurance companies’ websites and get the ball rolling there. They can usually line you up if you don’t have an insurance agent already.
Good Video - Sadly Canada's financial services is highly concentrated in a handful of high fee banks who own most of the brokers and money managers. Canada Also has some of the highest Fund fees in the world. Also the CPP/OAS bump post 65 only works if your income is less than the claw back amount. This is also why keeping withdrawal rates low - mine is 2.5% - see the work of Wade Pfau.
Inflation plus government taxes( exaggerated taxes ) equals poverty for the masses.
Yes. When inflation and taxes are excessively high, it leads to tough times.
Shes right about the shirt 😂
It's funny but re-iterating that 50% of people live longer than the average life expectancy is really powerful in the context of talking about longevity risk, even if its an 'obvious' interpretation.
Totally, right?? I heard it from someone else. Stole it :)
how much should a war chest be? Is it X number of years of income, a set % of your total retirement holdings?
Here’s your answer: czcams.com/video/JNvycwWGUAU/video.htmlsi=E9Y0f1yjF9c-iu8J
And, she is right😂😂😂😂
Maybe just invest in the market yourself with an S&P ETF. Duh.
Who was it who said in the long run we’ll be dead. 😊😊😊
Not sure. But it seems like they’re onto something…
I would trust a financial planner more if they keep subtle political commentary out of their videos.
What's controversial about running a balanced budget? How long would you survive if your income didn't at least meet your expenses? Common sense.
@@petervaneverdink448 Because I come here for retirement education, which I believe Rhys is really knowledgeable on. I don’t come here for personal political believes, left or right. Stop being obtuse.
The Canadian federal government is wasting $45.6B on interest payments this year - don’t expect to get OAS later on in life
The truth hurts. It gives an honest reason for why things happen - blame correctly placed due to outrageous decisions. It is what it is.
Higher market risk in retirement 'buy buying the market' is100 % the worst idea ever. Look at the US stock chart you posted from 2000 to 2013 - ZERO return for 13 years .. ZERO. Put that in your retirement planning dashboard and hit recalculate. Happened to my brother. It was horrible. And remember, a market down 50 % now needs to grow 100 % just for you to get back to zero again.
Seriously, it seems your advice here is to have lots of money so you can have investments you don't need to touch, a big enough 'war chest' to protect you from potentially years of no growth and hold off on CPP and Old Age until 70. Some serious investment planning right there. Come on man, you have had some good videos but this one is very misleading, it does not always work out the way you are implying. Seriously , stop with the canned " the market always goes up " speech. Keep it real.
Because buying the market investment strategy is old as dirt and you did not invent them does mean it is good for retirees. BTW Index funds where only invented in the 70 's. And who says buying the market is not controversial ... " advisors " ? Look - investing and managing your money in retirement is stressful enough, people don't need to put into a casino on top of everything else they have to deal with today. If you have time on your side, great, but if you don't, that is a different story. Years of no growth is a big deal. Much bigger than you make it sound.