Here's something I'm experiencing more and more often. A friend, family member, or even a

potential new client shares with me that most of their nest egg is sitting in the S&P 500.

When I ask why, the answer is almost always the same. It's simple, low cost, and it's outperformed

just about everything else for decades. Some even quote Warren Buffett, who's famous for saying

that a low-cost S&P 500 index fund is, quote, the best investment most people can make.

And honestly, I get it. I really do. The S&P 500 has been a great investment. It's easy to access and it's practically free to own.

And after decades of saving and investing, the last thing most people want right as they approach

retirement is to make a mistake, a mistake that can put their plan in jeopardy.

So naturally, they cling to what feels familiar and proven.

They stick with the solution that worked so well for them during their working years,

the solution that successfully got them to the finish line, because why fix something that

doesn't seem broken? But here's the thing. That seemingly smart choice is often driven by

misinformation and or overwhelm, not logic and evidence, and it's exposing retirees to the

very risks they're trying to avoid. So in today's episode, I'm challenging Warren Buffett's advice and sharing real-life data

to prove why a properly built portfolio is not just a good idea.

It's essential for retirement success.

Welcome to another episode of the Stay Wealthy Retirement Show.

I'm your host, Taylor Schulte, and every week I tackle the most

important financial topics to help you stay wealthy in retirement. And now on to the episode.

I'll let you guys in on a little secret today. One of my guilty pleasures is watching TV in bed

to fall asleep. My wife especially loves it when I spend 15 minutes

clicking through every app, checking out all of my options, looking for something new to watch,

...