[Classic Rewind] Looking at Family Finances Across Time

Money Talk with Yu, hosted by Jerry Yu

This is a Classic Rewind episode.

On today’s Money Talk with Yu, Jerry discusses

• Which choice is better, a Mercedes or a Jet? Why?
• As it relates to investing, why does time make a difference?
• What is the difference as it pertains to investing in short, medium, and long-term legacy, and why do they actually matter?
• What risks do people take when thinking in the wrong terms?

Key Takeaways:

• By treating financial decisions with the same scrutiny as choosing between a luxury car and a private jet, you can tailor your financial strategy to your life's unique objectives and stages.
• It's essential to diversify your portfolio and set clear goals that align with various time frames – short-term needs, midterm growth, long-term security, and leaving a legacy.
• Financial planning isn't exclusive to the wealthy; it's a tool accessible to anyone.
• Discussing the balance between different planning stages reveals the importance of maintaining liquidity, staying nimble in the face of market volatility, and understanding tax implications to protect and grow your wealth strategically.

“If I have a proper legacy set up for the next 200 years, all the great-grandchildren know grandpa Jerry Yu because of what he did 200 years ago that provided me with this financial stability, that's leaving a legacy."

—Jerry Yu

About the host, Jerry Yu:

Jerry Yu, a retirement and income strategist, specializes in aiding individuals aged 50 and older facing retirement challenges. He designs customized financial blueprints to safeguard retirees' savings from longevity risk, inflation, and sequence-of-returns concerns. Jerry's expertise includes guiding those through the critical "Retirement Red Zone," offering insights on supplemental lifetime income streams, and implementing strategies to counter inflation. His mission is rooted in rectifying the misconception that wealth accumulation strategies are the same as those for spending down assets in retirement, ensuring a secure financial descent for retirees.

Contact Jerry:

Website: www.reignfinancialservices.us

Linkedin: www.linkedin.com/in/jerry-yu-4a293430/

Facebook: www.facebook.com/reign.financial.insurance

Instagram: www.instagram.com/reign.financial

YouTube: Search for “Jerry Yu – The Family Money Doctor” (https://www.youtube.com/channel/UCe8Nv41YuU_iIvKe7XKhaoA)

Office: 500 Technology Dr., #300. Irvine, CA 92618

Work: [phone]

Cell: [phone]

Email: [email protected]

Show notes by Podcastologist: Hanz Jimuel Alvarez

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.