Q&A: How Much Risk Should My Mom Take in Retirement?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 11 March 2025

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#589: Kimmy is worried that her mom’s retirement portfolio is invested too conservatively. Is she right to advise her to take on more risk? Peyton has heard the financial advice about staying away from Whole Life Insurance as an investment, but what about as a savings account for children? Is there good a use case for this? Jeff and his wife are in a great financial position, but they fear that their retirement savings are too heavily apportioned in traditional IRAs. Will they run into tax problems in the future? Former financial planner Joe Saul-Sehy and I tackle these questions in today’s episode. Enjoy! P.S. Got a question? Leave it at https://affordanything.com/voicemail For more information, visit the show notes at https://affordanything.com/podcast/binge Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Joe, did you ever advise your mom on asset allocation?
0:03.0	I actually just did.
0:05.2	Some people may know my dad passed away this last spring just under a year ago.
0:10.7	And so my mom, when she received some life insurance money and she was redeploying her assets for one person versus two, I got to walk mom through the efficient frontier again. Oh, she's learning from the
0:23.2	best. Well, thank you. Stop, stop. Keep going. Keep going. Well, today we are going to talk to a caller who
0:31.8	is helping her mom figure out how to invest as she approaches the most critical years of making sure you're getting
0:39.0	it right. We're going to help her through that. We're also going to talk to a return caller.
0:44.4	This is somebody who spoke to us in 2022 with a question about Whole Life Insurance, and she's
0:50.9	calling with an update and a follow-up question. And for the true money nerds
0:57.1	out there, we are going to dive deep with the numbers for a caller who says that by the time
1:04.6	this episode airs, his wife will likely have quit her job. Oh.
1:11.8	You ready, Joe?
1:13.2	I'm Buckle Up.
1:17.6	Welcome to the Afford Anything podcast, the show that understands you can afford anything but not everything.
1:19.7	Every choice carries a tradeoff and that applies to your money, time, focus, and energy.
1:23.6	This show covers five pillars.
1:25.5	Financial Psychology, Increasing your income, investing, real estate, and entrepreneurship.
1:30.4	It's double eye fire.
1:32.7	I'm your host, Paula Pant, I trained in economic reporting at Columbia every other episode, ish.
1:37.4	I answer questions from you, and I do so with my buddy, the former financial planner, Joe Saul-Sehigh.
1:42.5	What's up, Joe?
1:43.2	Well, it's kind of a sad day because I
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Paula Pant | Cumulus Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Paula Pant | Cumulus Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.