Is it okay to start Social Security before you retire? What about life insurance as a way to generate retirement income? We answer these questions plus a couple more that listeners have sent into the show.
Read more and get additional financial resources here: https://retirementplaybookpodcast.com/investing/ep-33-mailbag-social-security-life-insurance-legacy-the-market/1390/
What we discuss on this episode:
3:00 – Mailbag question about when to start Social Security
6:13 – Mailbag question on life insurance
8:18 – Mailbag question on leaving money for kids
11:37 – Mailbag question about the stock market
The goal for your money is to help you reach retirement and utilizing it correctly will acheive that. Before making any financial decisions, it’s important to understand the three different qualities of money and which investments best align with your goals.
Read more and get additional financial resources here: https://retirementplaybookpodcast.com/investing/ep-32-understanding-the-3-qualities-of-money/1384/
What we discuss on this show:
2:03 – Financial literacy is on the menu today
2:53 – What are the 3 qualities of money?
3:37 – Can you achieve all three in one investment?
5:13 – Cash
5:57 – Stocks, bonds, and mutual funds
7:08 – Annuities
8:34 – Real Estate
10:05 – Diversifying your portfolio