432: Hesitant to Invest? How to Avoid Running Out of Money During Retirement

BiggerPockets Money Podcast

English - July 21, 2023 06:00 - 59 minutes - ★★★★★ - 2.8K ratings
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Previous Episode: 431: Women in Real Estate: Closing the “Investing Gap” and Getting Started

Next Episode: 433: Ramit Sethi Revisited: Spend Like Your Life Depends on It

Terrified of running out of money in retirement? Countless people share the same fear. With so much recent discourse surrounding inflation and a looming recession, you may have a tighter grip on your money than usual. Today’s guest is here to help cool some of your concerns.
In this episode of the BiggerPockets Money podcast, we’re joined by David Stein from Money for the Rest of Us, who believes there are reasons to be optimistic about the economy and even more reasons to stay on the straight and narrow when it comes to investing. If you’re easily overwhelmed by the thought of investing or choosing the right asset classes, David’s message is clear: investing doesn’t need to be difficult. There are plenty of tools the average person can use to invest, grow their nest egg, and have enough money for retirement. Don’t let fear stop you from putting your money to work!
Whether you’re a novice or long-time investor, you’re in for a treat with today’s episode. Tune in as David addresses several issues—including the current state of the economy, whether we should brace for a recession, and the markets he’s investing in. He also talks about the benefit of steering clear of individual stocks in lieu of ETFs and index funds, as well as when it might be smart to buy an immediate annuity!

In This Episode We Cover
The four-percent rule and how to avoid running out of money in retirement
How current returns on real estate compare to those of other asset classes
The benefit of buying exchange-traded funds (ETFs) and index funds in lieu of individual stocks
Diversifying your investment portfolio to include non-U.S. markets
Three important principles to focus on when deciding where to invest
Buying annuities to lock in an additional income stream during retirement
And So Much More!

Links from the Show
BiggerPockets Money Facebook Group
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Finance Review Guest Onboarding
Join BiggerPockets for FREE
Mindy on BiggerPockets
Scott's Instagram
Grab Scott’s Book, “Set for Life”
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Listen to The Real Estate InvestHER Show
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Money Moment
Choosing the Right Investment Type for Your Goals with David Stein
Check Out the Latest Five-Year TIPS at TreasuryDirect

Click here to check the full show notes: https://www.biggerpockets.com/blog/money-432

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In this episode of the BiggerPockets Money podcast, we’re joined by David Stein from Money for the Rest of Us, who believes there are reasons to be optimistic about the economy and even more reasons to stay on the straight and narrow when it comes to investing. If you’re easily overwhelmed by the thought of investing or choosing the right asset classes, David’s message is clear: investing doesn’t need to be difficult. There are plenty of tools the average person can use to invest, grow their nest egg, and have enough money for retirement. Don’t let fear stop you from putting your money to work!

Whether you’re a novice or long-time investor, you’re in for a treat with today’s episode. Tune in as David addresses several issues—including the current state of the economy, whether we should brace for a recession, and the markets he’s investing in. He also talks about the benefit of steering clear of individual stocks in lieu of ETFs and index funds, as well as when it might be smart to buy an immediate annuity!

In This Episode We Cover

The four-percent rule and how to avoid running out of money in retirement

How current returns on real estate compare to those of other asset classes

The benefit of buying exchange-traded funds (ETFs) and index funds in lieu of individual stocks

Diversifying your investment portfolio to include non-U.S. markets

Three important principles to focus on when deciding where to invest

Buying annuities to lock in an additional income stream during retirement

And So Much More!

Links from the Show

BiggerPockets Money Facebook Group

BiggerPockets Forums

Finance Review Guest Onboarding