Generating Retirement Income with Three Buckets (5/18/2024)
Manage episode 419258718 series 3083349
In this episode, Brian Wiley rides solo and provides essential financial advice on generating income for retirement through a three-bucket strategy: cash for immediate needs, income for consistent revenue streams, and growth for long-term investments. The discussion includes tips on avoiding emotional investing, the benefits of index funds, and the pitfalls of high-yield investments and gold. Additionally, Brian talks about the risks (and opportunities) of investing in distressed stocks, emphasizing diversification and professional guidance when needed. He covers tax-saving strategies for self-employed individuals, including the advantages of structuring businesses as LLCs or S-Corps to maximize dividend distributions.
Listen, Watch, Subscribe, Ask!
https://www.therealmoneypros.com
Hosts:
Brian Wiley, Financial Advisor
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SPONSORS:
Guild Mortgage:
https://guildmortgage.com/daveperry
Ataraxis PEO
Tree City Advisors of Apollon:
https://www.treecityadvisors.com
Apollon Wealth Management:
https://apollonwealthmanagement.com/
Formations:
https://get.formationscorp.com/real-money-pros
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