Payne Points of Wealth

Payne Points of Wealth


Ep 26: Welcome to Retirement! (Now Don’t Screw It Up)

November 21, 2019

The top priority for everyone once they’ve retired is to manage their money in a way that allows them to stay retired. Don’t make a mistake that could hurt your portfolio and put your retirement at risk. We’ll give you some advice today that will keep you from screwing up your plan. Show Notes: http://bebullish.com  On This Episode: 0:32 – Previewing the topics for today’s show.1:14 – Congratulations, you’ve made it to retirement. So here’s how you don’t screw it up.1:25 – The first thing is don’t make any sudden decisions like buying a Lamborghini or Ferrari.2:32 – Another big no-no is don’t jump into an investments, especially if you don’t know anything about them.4:10 – Make sure you’re working with a fiduciary.5:45 – The last thing you need to do is have an actual plan.8:03 – Financial Propaganda time8:26 – Bob found an article that said half of the world’s top investors have already gotten out of the market.10:02 – This article speaks to all the fear out there, which is usually a positive sign.10:51 – What adjustments should we be making based on who will be in office next year?11:26 – Ryan found some good news. We can save more in our retirement accounts starting in 2020.14:31 – Mailbag time15:20 – First Question: I retired last month and started my state pension and Social Security. I’d like to do some part-time work to stay occupied, but I’ve heard this can mess up my Social Security. Should I get a job?17:17 – Second Question: I’ve been paying off my mortgage aggressively and almost have it paid off. Once I’m done, I’ll have nearly $5,000 each month to invest. I feel like I’m behind in my retirement planning so should I invest aggressively?