3 Factors that Influence How To Invest Your Money in Retirement, Ep #114

<p>How should you invest your money once you’re retired? I get asked this question frequently because people are hoping for a quick recipe for success. But that’s not how it works. When I help you build a retirement portfolio, I start by looking at three factors. These three factors will dictate how we invest your money for a successful outcome:</p> <ul> <li>Do you need an income to supplement your social security or pension? </li> <li>What is the minimum rate of return you need for a successful retirement? </li> <li>What is your risk appetite? What risk are you comfortable taking? </li> </ul> <p>Tune in to this episode of the Retirement Made Easy Podcast to learn more about each of these factors that influence how we invest in your retirement portfolio.</p> <p> <<<<<<<<<<<<<<<PLAYER CODE GOES HERE>>>>>>>>>>>>>>>></p> <h2>You will want to hear this episode if you are interested in...</h2> <ul> <li>[1:39] Get a 30-minute retirement coaching call!</li> <li>[2:51] Why a cookie-cutter approach to investing doesn’t cut it</li> <li>[5:34] How much income will you need every month?</li> <li>[6:46] What is your retirement action plan?</li> <li>[8:20] Does your portfolio match your risk tolerance?</li> <li>[11:46] Retire knowing what it takes to be successful</li> <li>[14:03] The top 3 factors that influence how you invest your money</li> </ul> <h2>Why a cookie-cutter approach to investing doesn’t cut it</h2> <p>Many people are invested in a retirement date fund in their 401ks. The “date” is the year closest to your 65th birthday. For every year you get older, the fund becomes more conservative (toward bonds). If you look at the T. Rowe Price 2025 Target Date Fund, you’ll see that 46% of the fund is invested in stocks and the rest is in bonds or cash.</p> <p>I don’t like retirement date funds. Why? Everyone is invested in the exact same way. It doesn’t take into account risk tolerance, the necessary returns for a successful outcome, and more. It basically just says that everyone that’s nearing retirement invests their mon