7 “Assets” Rich Retirees Avoid скачать в хорошем качестве

7 “Assets” Rich Retirees Avoid

Retirement planning: skip timeshares, vacation homes, high-fee annuities, whole life, long-term care insurance, high-yield bonds, and active funds that drain cash flow and raise withdrawal rates. In this podcast episode, we break down 7 “assets” rich retirees avoid—and why skipping them protects your cash flow and flexibility before and after you retire. You’ll learn how these purchases can raise ongoing costs, lock up money, or add risk at the worst time—and what simpler choices to use instead. What you’ll learn: • Timeshares & vacation homes: exchange fees, rising dues/carrying costs, weak resale; why renting keeps flexibility • High-fee annuities: layers of fees, surrender schedules, complex crediting; why simple, low-cost portfolios + a cash buffer win • Whole life insurance (late start): high premiums, slow cash value; why separating insurance from investing helps cash flow • Long-term care insurance: premium hikes, ADL triggers, fine print; when a dedicated LTC bucket (cash/short-term bonds/TIPS) can be a cleaner path • High-yield corporate bonds: higher default risk right when stability matters; use high-quality bonds for ballast instead • High-fee active funds: expense ratios and taxes drag; low-cost index funds tend to outperform over time 🧠 Quick poll (reply with a number in the comments): 1) Timeshare 2) Vacation home 3) High-fee annuity 4) Whole life insurance 5) LTC policy 6) Junk bonds 7) High-fee active funds — Which one feels most overrated? ❤️ Like, Subscribe, and Share this video if you found the information in it helpful! ✅ FREE MAGI Estimator. This was made after this podcast episode, so was not mentioned, but I've created an ACA MAGI estimator (Excel) that is free to download that you can use to estimate your MAGI. Click here to download: https://payhip.com/b/BsTwX ✅ FREE Early Retirement Planning Checklist Whether you're just getting started or refining your plan, this free guide will help you take the next step! Download my free 12-step early retirement planning checklist—a practical, easy-to-follow guide that walks you through everything from calculating your FIRE number to building a tax-efficient withdrawal strategy. 👉 Get your free checklist here: https://payhip.com/b/IBj3q I created this to help others like you pursue financial independence and retire on your own terms and as a thank you to my viewers. Whether your years away or almost ready, this checklist will help you retire smarter and sooner, and is the perfect companion to everything I share on this channel. 💼 My Favorite Retirement Planning Tool, and that I mentioned in this video! If you’re serious about planning for retirement, you’ve got to check out Boldin. It’s a powerful tool that helps you map out your financial future—whether you’re a DIY planner or just want to stress-test your retirement strategy. 👉 Try Boldin here: https://go.boldin.com/earlyretirement... Disclosure: This is an affiliate link, which means I earn a small commission if you decide to go on the paid plan after a free 2-week trial, or you can remain on the free plan, but I highly recommend the paid plan to use all its robust features! I personally use it for my retirement planning and love it! This link doesn’t cost you anything extra and helps to support the content I create. Thank you! 🌐 Visit my website for all my media, including my blog or to contact me about sponsorship or other business opportunities: https://mikeupland.com/ ☕ Support: [Buy me a coffee](https://buymeacoffee.com/mikeupland.com) DISCLAIMER: This podcast is for educational purposes only and reflects my personal experience and research. It is not financial, tax, legal, or investment advice. Always consult with qualified professionals before making major retirement or financial decisions. I am not responsible for any loss or damages resulting from reliance on this information. #RetirementPlanning #RetireEarly #PersonalFinance