I've never seen so many retirees make the same portfolio mistake at the same time.

And the frustrating part is this usually happens because people are trying to do the right thing. It's not because they're trying to chase returns. It's not because they're reckless with their investing. It's because they're taking a very cookie cutter approach without actually knowing it. So what I see is two very different paths that lead to the same place. and those two very different paths depend upon whether you're someone who's done this to yourself,

your entire life life and what I

typically see there, the mistake that happens, versus someone who's working with an advisor and

some of the traditional cookie cutter advice they get with their portfolio. Regardless of what path

you've taken, ultimately, there's one singular problem that exists with each of these approaches,

and it's a major problem that costs many people dearly in their retirement years.

So today we're going to talk about what those two problems are and what you should do instead

so that you don't become like the many people who make the same mistake at the same time

and jeopardize their retirement years.

So I'm going to give you two very clear,

very specific examples that illustrate the impact, the negative impact of both of these portfolio

mistakes. But here's why this matters. People are living longer today than they ever have before,

which means your portfolio needs to last longer. At the same time, people are retiring earlier than

they ever had before, which just magnifies the point I just made. And then number three, there's ever-present volatility. And that volatility is never going to go away. So how do you as retiree address these issues, address these challenges? And I see two mistakes that people make. Number one is people that typically have done this themselves. They've saved, they've invested, they're preparing for retirement, and now they're taking a much deeper look at their retirement strategy. Typically,

these people fall into the mistake of saying, I'm just going to do what's worked until now.

You know, the last 10 years, or the last 15 years, the SMP, the NASDAQ, the US stock

markets performed tremendously well. Why change now? That's one mistake. The second

mistake is that individual who's working with an advisor. And typically, those individuals are being

placed into a pretty cookie cutter portfolio. Typically, it's a fairly generic 60-40 portfolio. Maybe

there's a good story around it. Maybe there's a good explanation for it. But the reality of it is

you're in that portfolio because it's what you're supposed to be doing, according to your advisor. Both of these approaches are wrong. And I'm going to show you why so that you don't make these same mistakes. Let's start by understanding the mistakes made with path number one. So you're going into retirement. You're in your early 60s and you have a portfolio. and if you look at your portfolio, it's almost entirely made up of U.S. stocks.

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