Retirement Advisor: Unleashing Your Inner 50-Year-Old (Podcast)
Mar. 09, 2020 7:00 AM ET
SA For FAs
6.02K Followers
Summary
- For a 65- or 67-years old who has ceased generating employment income, stock investing suddenly feels a lot riskier.
- What would rekindle the aggressiveness of a 50-year-old is, ironically, adopting what is thought to be a highly conservative approach: annuitizing a portion of the portfolio.
- The reason is that if investors have enough income to meet their needs, they then have the running room to let their investments appreciate.
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What would rekindle the aggressiveness of a 50-year-old in a 65-year-old investor? Ironically, adopting what is thought to be a highly conservative approach: annuitizing a portion of the portfolio.
This podcast (6:50) argues that the “smell of death” consumers detect in annuities is really a function of feeling like they can never again take risk; yet a partial annuitization strategy can actually increase capacity to take risk.
This article was written by
6.02K Followers
GIL WEINREICH - Author of "The Mentor," a unique parable for financial advisors and those who aspire to become one. I have worked in the FA arena since 1997, and during that time, the New York State Society of CPAs twice awarded its prestigious Excellence in Financial Journalism award to me for a monthly column I wrote on business ethics. Previously, I reported on international news for Voice of America (where I was awarded a newsroom writing award) and prior to that worked as an editorial assistant at U.S. News and World Report. I live with my wife and children amidst the verdant and vibrant hills and dales of Jerusalem.
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