Retiring Dilemma - The Great American Case Study - Episode 144

Summary:

Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about a case study of a 51 year old female who owns real estate, has some cash on hand and is making decisions on what to do with her money for the remainder or her life.

Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.

   

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Show Notes:

00:00 Introduction

00:29 Today’s topic is the Great American case study

01:42 Case Study of 51 year old female

03:15 To get a clear picture you need to determine your longevity and health

04:33 Determine your risk tolerance to get an idea of your rate of return

05:53 The #1 rule is we must protect principle

06:03 The #2 rule is we must grow investments higher than inflation

06:54 Tips so you don’t erode principle

07:52 Specific recommendations for this American case study

09:09 Setting aside an emergency and opportunity fund

11:05 Taking $5,000 per year of the $50k fund and put it into a whole life policy

12:26 What to expect with the death benefits