Player FM 앱으로 오프라인으로 전환하세요!
Building Wealth vs. Keeping Wealth
Manage episode 447607605 series 3428540
It's a fact that many people are not aware of: your wealth accumulation strategy should be vastly different from your wealth distribution strategy. In fact, they require very nearly opposite skills.
Building your nest egg requires you to use the market volatility to your advantage, using various means like dollar cost averaging and buying through the many market downturns. But keeping your nest egg means avoiding that volatility over the short term so that your cash flow in retirement isn't interrupted by those same market downturns.
How are those two disciplines different? Learn more from podcast host Johnny Dean as he speaks with his guest, "Professor" Rick Plum, CFP® on today's episode of Managing Your Financial Future.
205 에피소드
Manage episode 447607605 series 3428540
It's a fact that many people are not aware of: your wealth accumulation strategy should be vastly different from your wealth distribution strategy. In fact, they require very nearly opposite skills.
Building your nest egg requires you to use the market volatility to your advantage, using various means like dollar cost averaging and buying through the many market downturns. But keeping your nest egg means avoiding that volatility over the short term so that your cash flow in retirement isn't interrupted by those same market downturns.
How are those two disciplines different? Learn more from podcast host Johnny Dean as he speaks with his guest, "Professor" Rick Plum, CFP® on today's episode of Managing Your Financial Future.
205 에피소드
All episodes
×1 Comparing the Portfolio Withdrawal Methods - Which Is Best? 35:31
플레이어 FM에 오신것을 환영합니다!
플레이어 FM은 웹에서 고품질 팟캐스트를 검색하여 지금 바로 즐길 수 있도록 합니다. 최고의 팟캐스트 앱이며 Android, iPhone 및 웹에서도 작동합니다. 장치 간 구독 동기화를 위해 가입하세요.