How to Invest if Nearing Retirement

[@matturner8]

Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.

[@Johnlarry12]

This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.

[@monicawill5]

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through a brokerage adviser, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@MarkGrimm8]

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with

[@monicawill5]

The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Carol Vivian Constable‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@MarkGrimm8]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@tracimorgan3695]

Yes my husband retired in Feb!

[@susannicky]

@victoriajonas44 You are right Congratulations on your achievements! It's great to see you doing so well. I understand that I am currently facing financial difficulties at the age of 55, and I am interested in receiving some helpful tips to improve my situation. Owning your own house is a significant goal for you, and it's a wonderful aspiration.

[@susannicky]

@victoriajonas44 " I anticipate your kind response. I'm interested in connecting with a financial consultant similar to the one who assisted you in achieving your financial goals.

[@susannicky]

@victoriajonas44 Thank you so much I was able to find her page and I already leave her a message.

[@michaelwiebeck3]

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

[@CindyValenti]

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

[@Rachadrian]

Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

[@SteveEstrada-js9nu]

this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future

[@Rachadrian]

I've shuffled through a few advisors in the past, but settled with “Vivian Carol Gioia” her service is exemplary. I'd suggest you research her further on your browser, sure you'll find her basic info.

[@SteveEstrada-js9nu]

very much appreciated, your response suggests a person of benevolence.. just inputted her full name on my browser, and came across her site, top-notch qualifications! she seems well-qualified

[@roburb73]

Each time I hear people talk about pensions, I'm more and more thankful for mine and my wife's. I'm a 27 year retired military member, and she will retire with a federal pension. Each of those retirements grow with inflation. If we add even 75% of what we expect to get in SS, we will retire with an annual income of $150k in today's dollars. That's before we touch our investments, if we ever do. Couple all that with a 2.25% loan with a balance of $347k and a value of $750k, we're looking good for a stress free retirement. Annuities = pay someone a fee so an insurance company can give you YOUR money. My atwp-mothwr has one. Why? She worked for John Hancock for 30 years and believes it benefits her.

[@josephjuno9555]

You are talking about wanting a Pension? I will get 1 but until this yr most Advisors said Take the Lump Sum! I have always intended taking the monthly payment! I just wish I had COLA? With Cash Bucket, Pension and Soc Sec base pay shud I still have such a LG portion of portfolio in Bonds?

[@Antandthegrasshopper]

I just retired at 57. I've 20% in dividend ETFs (JEPI, SCHD) and 80% in believe it or not in CD ladder. The combo replaces my pre retirement income by more than 100%. No need to take unnecessary risk in de-accumulation years. Will take SS at full retirement age.

[@josephjuno9555]

Hard to make a CD Ladder now? 5% for less than 1 yr but drops off sharply after that?

[@josephjuno9555]

Do you let bucket 1 run down almost empty of do u periodically move money from #2 to keep it from running out? Emergency Fund is totally separate?? What shud it be saved in?

[@paulsaragosa371]

And away weekend at berne

[@jn8559]

The Fed just bailed out the Teamsters pension. I don’t have much faith in people who manage pension.

[@charleshughes2487]

Can I live on what my portfolio is generating ? 🎉

[@paulsaragosa371]

Onand on down into the Jamaica super brother 0n and the cocomo world 🌎

[@lebasicuizon2047]

Hello guys can i move my 200,000k in 401k to brokerage link and imvest in dividend yield etf,planning to retire in 3 years

[@joshberisford6503]

401k goes to IRA, which you could convert some into roth IRA(pay taxes)

[@roburb73]

Roll to an IRA. If it's a traditional IRA you'll pay taxes. If it's a Roth, easy rollover.

[@Soniajohn4]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[@paulsaragosa371]

Tada

[@isabellajones2735]

[@isabellajones2735]

@Mari-gene Dunn Thanks for sharing her contact information

[@paulsaragosa371]

8oomillion jobless