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Talking Real Money - Investing Talk

Try to Die Broke?

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2680 Ratings

🗓️ 27 November 2020

⏱️ 12 minutes

🧾️ Download transcript

Summary

How to manage your post-retirement nest egg. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

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0:01.7

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0:09.2

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0:18.9

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0:21.6

Hit the new Tony Hawk's Pro Skater 3 and 4 and show the world that the shred's not dead.

0:25.6

Pre-order Tony Hawk's Pro Skater 3 and 4 and play the Foundry demo.

0:29.6

Reality Radio for a really great future. We're talking real money. Hi, this is Tom Cock. Welcome to Talking Real Money. A fascinating topic for me, for many of our clients, and I think should be for you, is, and don't tune out when I say these two words, retirement income, will my money last?

0:55.5

And even if you're years from retirement, it's something to start thinking about for several

1:00.7

reasons. But before I get into all that and the reason why I want to discuss that today,

1:04.3

let me give you two anecdotes about this that might be of interest. Now, in our classes for the

1:09.2

last 25 years, we have showed people if you had this amount of

1:13.6

money and you invested it a certain way, looking back over a long period of time, would my money

1:20.5

have survived? If you were aggressive, if you were moderate, if you were conservative, and you took

1:25.9

out a fixed percentage or a variable,

1:27.9

we'll talk a little bit more about that in a few minutes.

1:31.0

Would my money have lasted? And, you know, we could show you good markets, bad markets,

1:35.6

et cetera, et cetera, different rates. You're taking the money out and give me some pretty clear

1:39.9

examples about what would have happened. Remember, all of this depends on the future and none of us

1:44.9

know the future, sadly. But in one case, and I think I have the numbers right, if you invested,

1:51.9

you took out a fixed amount and the market was perfect for you for a period of 30 years or so,

...

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