In this episode, James tackles a listener’s question about investing a lump sum for his upcoming retirement.
James analyzes one's situation and gives realistic insights on determining the right mix of stable and growth assets that will generate a rising income stream for the rest of your life.
Tune in for tips on how to secure a comfortable retirement using a real-life example.
Questions Answered:Should I invest lump sump sum or dollar cost average approach?How do I invest a lump sum once I receive the funds?What other planning points should I be aware of?Time stamps0:00 Intro0:45 Listener Question2:55 Summarizing4:10 Will You Be Okay?7:10 Make Sure That Number is Accurate8:20 4% Rule9:53 Guyton-Klinger Rule10:53 Two Things to Note13:30 You Need Income to Live on15:15 Part 2 of the Question: How to Invest the Lump Sum18:10 Dollar Cost Averaging21:06 Using An Example23:40 The Principle Is This27:00 Properly Addressing Risk28:50 Most People Do This…30:25 Back to the Listener Question31:00 Summary32:20 Outro
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