Retirement and investing your money.

rivermobster said:
Your perceptions are interesting...

The main reason I have and advisor is that I am absolutely against putting my funds at risk!

At 68 years old and retired, I want someone that manages money for a living handling MY money.

Dealing with financial investments is definitely not in my wheelhouse.

Although...

I've made a few bucks on Cloudflare, and a few other tech stocks, I've personally felt Very confident about. 😎
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One thing is for sure, we all have different situations and needs. And sometimes life throws a curve ball and adjustments should be made to hit the curve ball out of the park. A good advisor should be mindful of the needs of their clients and have plans in place to do what is best for their client. If they are putting their clients money in passively managed funds, fire them because they are collecting a fee for doing very little on their part.
I happen to enjoy investing and have been doing it for 45 yrs. It's amazing how much the markets and strategies have changed in that time. My advisor has shared with me her strategies she uses to find good investments and they have been very effective, which lowers my risk by making informed moves. Her best move was buying NVIDIA when I first moved my portfolio to her.
I will leave a legacy for my wife and what's left over will go to my two daughters and grandchildren, but the most valuable legacy I will leave them is education on how to manage their finances without relying on others to bail them out. Both of my daughters own their own houses and have at least 6 months of savings to cover expenses in case something happens.. That's worth more than any inheritance they will receive..
 
I hope that you've thought of this before and that you are really asking about how your investments change in retirement.

I assume you've been doing something all along....if not, you are way behind.

When I went to retirement planning, they said, don't listen to your friends (us).
 
@THD Made an excellent point and we have tried to do the same with our kids.

They don't have pension careers (yet) and already know the value of compound interest, HY Savings and all have IRA accounts. Automatic deductions and management of their credit has them leaps and bounds ahead of we were at their age.

They will retire even earlier and more comfortable then we did, same as we did compared to out parents....as it should be.
 
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