The Biggest Money Mistake Retirees Can Make | You Can Retire Sooner Than You Think

[@tedsterrett7204]

Given the current market volatility of recent centered around the trade talks with china it's more important than ever for retirees to be proactive about what decisions they make... I plan on doing a little research myself and keeping in contact with my advisor to create a trusted relationship that is positive on a practical level is important. More sound and practical advice Mr. Moss thank you!

[@DisabilityExams]

Do you really think "a little research" will give you better results than the average investor? I doubt it.

[@donniemoder1466]

Just invest in an all-in-one passive index fund that rebalances. Vanguard and Fidelity have these with extremely low management rates. Charles Scheab has similar products that do this at a very low management fee so really don't understand why you are dissing Charles Schwab. For a tiny fee you can get advice from an independent financial advisor to set you up in conjunction with C.S.

[@jperez1910]

Vanguard is the Cadillac of the industry...

[@grantguy8933]

Cadillac is a dying brand

[@nala3038]

Work until you’re 70, buy an annuity, take out a reverse mortgage-this is a trifecta of bad advice!

[@roblovestar9159]

He's not wrong.

[@mmabagain]

I have been moving my money all over the place because I'm just never sure it's in the right place for my age and circumstance. I'm 3-5 years from retirement and am currently in all short term fund. I think I have finally decided where to put it and can feel comfortable. Vanguard Wellesley. What do ya think?

[@WesMossMoneyMatters]

I can't give advice since I don't know your full financial picture, but if you'd like to reach out to my team at www.WesMoss.com we'd be happy to talk with you in more detail.

[@Laborkei]

I'm at 2.8%, No Risk on Principle at the time of this post. I expect in the next 10 years, it could go lower if Interest Rates continue to fall.

[@papasquat355]

It's always nice to look back three years on these comments and think about where rates are today thanks to Biden and the Fed.

[@jimfromri]

Good advice is invaluable. Bad advice can be disastrous. Differentiating between the two can be challenging. That’s why the “alpha” strikes me as somewhat too simplistic.

[@dredding]

Dot the "coffee can" portfolio, rebalance 1 per year !

[@oibal60]

I'd prefer 2% and stable, rather than >10%, volatile, and lose 40% in a matter of days. Think 2007-2008.

[@ariefraiser140]

2% and "stable" in a world where inflation is at 2.5-3% is recipe for running out of money in retirement. There are lots if people who were already retired and succesfully made it through 2007-2008 and are sitting on even more money now.

[@ms8172]

Never invest or take advice from a man that talks with his hands!!

[@jorgerd3606]

Marty Summers hahahahahahahah...! That’s funny....