2024-02-08 22:37:28 ET
Summary
- Retirement planning is overwhelming, leading to inaction and a poor investment selection.
- Two key considerations for retirement planning are consistent delivery of capital and long-term growth.
- Today, we explore four core exchange traded funds that can build a growing income stream.
I recently had dinner with a close friend. Our discussion wandered from friends and family to life’s troubles. A pit stop in our conversation was the announcement that this individual didn’t understand how to invest for retirement. Although embarrassing, the situation is all too common. For most people, planning for retirement is just plain overwhelming. This friend was no exception and had taken few steps to invest their money, let alone plan carefully. Paralysis by analysis claimed yet another victim.
When fear meets decision making, a common response is to simply ignore the problem at hand. Sometimes inaction is passable, however not for retirement planning. We must simplify the equation and remove complexities that might be less relevant. Over the course of this conversation, we picked apart the various aspects of working towards retirement and investing money in general....
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For further details see:
How To Build A Portfolio With Four ETFs