432: Hesitant to Invest? How to Avoid Running Out of Money During Retirement

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 21 July 2023

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott's Instagram 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 Podcast Talent Search! Listen to The Real Estate InvestHER Show Join The Real Estate InvestHER Community on Facebook Register for an Upcoming InvestHER Event Money Moment 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 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pockets Money Podcast, where we interview David Stein from Money
0:04.7	for the Rest of Us and talk about the state of the economy, asset classes, including some
0:09.8	we've never discussed before, and what to do if you're overwhelmed with your investing
0:15.0	options.
0:16.0	Hello, hello, hello, my name is Mindy Jensen, and with me as always is my fellow rest
0:20.6	of us co-host, Scott Trech.
0:22.4	Thanks, Mindy Greed to be here.
0:24.0	Scott and I are here to make financial independence less scary, less just for somebody else, to introduce
0:29.0	you to every money story because we truly believe financial freedom is attainable for
0:33.2	everyone, no matter when or where you're starting.
0:36.4	That's right, whether you want to retire early and travel the world, going to make big-time
0:39.6	investments in assets like real estate, start your own business, or learn investing principles
0:44.2	from investors who have managed tens of billions of dollars in assets.
0:48.8	We'll help you reach your financial goals and get money out of the way, so you can launch
0:51.7	yourself towards your dreams.
0:53.7	Scott, today's money moment is, are you traveling internationally?
0:58.4	If you have an unlocked phone, consider purchasing a SIM card at your destination instead of using
1:03.8	your cell phone carrier's international plan.
1:07.2	Local SIM cards typically offer much better rates and larger data and allowances than
1:11.6	US carriers, and this is actually a really timely tip because my daughter is getting ready
1:16.6	to go international, and she doesn't have an international plan, so thank you to our producer
1:21.8	for sharing that because I need that.
	...

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