Are You Truly Diversified? How to Protect Your Wealth for the Future (Money Q&A)

Mar 3, 2025

Discover why diversification is crucial for retirement, especially when relying on personal funds. Learn the ins and outs of rolling over retirement accounts without feeling overwhelmed. Uncover strategies to build wealth in your 50s, even with limited savings. Explore whether to adjust college savings plans as college approaches and gain insight on protecting personal data from scams. Plus, master the art of charisma to enhance professional relationships and boost your confidence.

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Intro

00:00 • 2min

Wealth Diversification Strategies

02:18 • 20min

Navigating Retirement Planning and Scam Awareness

22:18 • 8min

Protecting Personal Data and College Savings Strategies

30:42 • 9min

Building Charisma: Essential Skills for Engaging Conversations

39:30 • 4min

In this episode of the Personal Finance Podcast Money Q&A, we're going to answer some questions about are you truly diversified and how to protect your wealth for your future?

Today we are going to answer these questions:

Question 1: Are we diversified enough for retirement without Social Security or pensions?

Question 2: I’m rolling over $120K into a Fidelity Roth IRA—how do I invest it without feeling overwhelmed?

Question 3: I have a $7K/month military pension but little savings—how should I build wealth in my 50s?

Question 4: Should I shift my son's $130K 529 plan into safer investments as college gets closer?

Question 5: How can I build charisma to improve my professional connections and confidence?

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