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The Long Term Investor
Investing in Your 60s (Rewind) (EP.131)
Dec 20, 2023
Exploring essential financial planning in your 60s, focusing on market downturns, retirement preparedness, and debt elimination. Emphasizing the importance of staying calm during losses, projecting future expenses, and succession planning for financial advisors.
14:35
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Quick takeaways
- Prepare for market downturns by adjusting asset allocation and maintaining a cash reserve.
- Accurately project future expenses to align financial resources with retirement lifestyle goals.
Deep dives
Preparing for Market Downturns
Market downturns are a common occurrence, with historical data showing routine losses in the stock market. Long-term investors, especially those in their 60s nearing retirement, should anticipate and plan for these downturns more strategically. Understanding the sequence of return risk can help in adjusting asset allocation and maintaining a cash reserve. By preparing for market fluctuations and potential inflation impacts, investors can secure their retirement plans more effectively.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode