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In an up market. And at the top of the bull market. If you look at if you look at the statistics, you have a higher probability of running out of money if you retire at the top of a bull market, because you have a higher probability that when
I think it’s a combination of quite a few things. But you know, you look at a 12-year bull market run. Yeah, you know, that kind of lulls you to sleep a little bit right, you guys? False sense of confidence. And we’re talking about inflation. So, let’s talk about
I’ll tell you, the reason why people don’t really take Social Security serious is because when they talk to everybody, they say delay, delay, delay, delay, right? Well, that’s it. That’s not an answer. Delaying is not an answer, we really have to figure this out mathematically.
You want to preserve right, our clients are more concerned about the return of their money, rather than the return on money. Okay. That’s the most important thing in retirement, right? It’s the most important thing is that you provide yourself with a stream of income and distribution phase, which
This is what we see where people will spiral and run out of money. And they’re not running out of money in the first 10 years of retirement, they run out of money in like 15 to 20 years when they don’t have the physical health to go back to
Well, here’s what’s going to happen. It’s going to force people to have to take withdrawals from their stock portfolios when the portfolios are going down. And that’s a very dangerous thing to do. The biggest mistake people make when they’re when they’re planning for retirement or going into retirement
So, if stocks were going down, bonds would be going up, which was a good thing. Right. And that would offset or mitigate risk. That’s called hedging in a portfolio, right? Most people don’t know that. That’s hedging risk. Okay. But those hedging models are not working right now. Because
You get this false sense of confidence when you get returns and you win, and you win, and you win. And you’ve started to really start to think like, Hey, I’m never gonna lose, right?
We try to get their income to be the same or more in retirement, because we find that they spend more, and they might have less monthly income. But the As Need Withdrawals, because of the trips and everything else they want to do, they actually will spend more money.
