As you prepare for retirement, you want to make sure you’re doing everything you can to secure your financial future. We’ve talked a lot on this podcast about strategies to help you grow your wealth for retirement, but it’s just as important to consider the risks that could wipe out your savings entirely. On today’s episode, we’re covering the two big ways that you could lose every dime you have, and how to avoid these critical mistakes.
While some riskier investments or strategies might promise to deliver big rewards, it’s essential to understand the potential downsides before making any decisions. Join Lee as he offers practical advice and guidance on how to avoid these pitfalls so that you can make informed decisions to protect your financial future.
Here are some of the topics we will cover in this episode:
- Investing your life’s savings in a business idea of a friend, relative, or child. (3:48)
- The consequences of investing all of your money in one company. (8:29)
- Why Lee does not recommend that his clients buy individual stocks. (12:23)
If you have any questions about what we discuss, set up a meeting with us anytime by visiting TalkWithLee.com.