Payne Points of Wealth

Payne Points of Wealth


Ep #11: Handing Out Financial Product Superlatives

August 08, 2019

Remember voting on Most Likely to Succeed, Class Clown and other superlatives back in high school? We’re applying those categories to the financial world and handing out our own awards for products you might be considering for your retirement portfolio. We’ll also discuss risk tolerance and what it means to you and finish out the episode with a couple mailbag questions.Check out the full show notes for today's episode by clicking here. ----more----Take a look at what you'll hear in this episode:1:05 – Handing out financial product superlatives.2:36 – Which product would we call the ‘Teacher’s Pet’?3:27 – Who would be the culprit for ‘Most Expensive’?4:46 – What product is ‘Most Likely to Disappoint’?6:10 – The ‘Most Popular’ product right now.10:06 – How do you describe ‘risk tolerance’ to someone that’s not familiar with what it means to their portfolio?12:13 – Putting your portfolio under the stress test.12:53 – Sometimes you might not be taking on enough risk.  15:44 – What it means to invest with a purpose.19:28 – Mailbag time!20:26 – Question #1 from Mike: I have a lot of money in savings and it gives my wife security. But how much cash should I be keeping?   24:26 – Question #2 from Gary: My daughter is getting married soon and most of my savings is in retirement accounts. What options do I have outside of withdrawing from those early?