The Personal Finance Podcast

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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INSIGHT

Well-Rounded ETF Global Mix

  • Their ETF mix already gives broad global exposure across US, Canada, developed international, and emerging markets.
  • Including REITs and dividend funds adds income and sector diversification beyond pure large-cap growth.
INSIGHT

Savings Rate Outweighs Tiny Allocation Changes

  • A very high savings rate accelerates retirement far more than small portfolio tweaks.
  • Increasing income and saving more yields disproportionate wealth gains through compounding.
ADVICE

Hedge A Flat Decade With Bonds

  • If you're worried about a flat decade, add fixed income like government or corporate bonds to reduce volatility.
  • Consider bond ETFs (e.g., BNDX) or laddered government bonds to provide downside protection.
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