Building Wealth vs. Keeping Wealth – Episode 194
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, Rick “the Professor” Plum, CFP® on this episode of Managing Your Financial Future.
Important Information:
This material was created to provide accurate and reliable information on the subjects covered but should not be regarded as a complete analysis of these subjects. It is not intended to provide specific legal, tax or other professional advice. The services of an appropriate professional should be sought regarding your individual situation.
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