Retirement Advisor: When Is Enough Enough? (Podcast)

Apr. 17, 2020 7:00 AM ET18 Comments16 Likes
SA For FAs profile picture
SA For FAs
6.07K Followers

Summary

  • A slogan in retirement investing holds that investors who reach a certain level of success are free to reduce risk.
  • But few are willing to quantitatively define success because of the all-too-human appetite for “more."
  • The financial calamity that has befallen 2020 retirees has impressed on me the value of defining “enough,” of cashing in one’s chips at a pre-determined value.
  • It has also awakened thoughts about a personal transition, and I close with an announcement about a temporary hiatus in this podcast.

Listen on the go! Subscribe to the SA for FAs podcast on iTunes, Stitcher and SoundCloud (click the highlighted links).

A slogan in retirement investing holds that investors who reach a certain level of success are free to reduce risk.

This podcast (7:09) suggests that this idea merits quantitative definition and practical implementation to ensure that future retirees do not face the same sense of impoverishment as the Class of 2020, who have seen their portfolios plunge at the time their retirement has required portfolio withdrawals.

This article was written by

SA For FAs profile picture
6.07K 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.
Follow
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.