Ep 6: The Risks That Savers Face: Too Much Cash - Part 1

Even the best savers make mistakes when planning for retirement and we’re launching a new series that will go in-depth on that topic. Part 1 of The Risks that Savers Face will discuss cash and why becoming so enamored with it can end up costing you money over the long run.

On today's show: 

1:04 –  Introducing our guest today, Keith Lockwood

1:21 –  We are beginning a new series on ‘The Risks That Savers Face’ 

2:27 – Today we focus on cash and why you shouldn’t be so enamored with it. 

2:40 – What percentage of cash do you recommend clients carry in their portfolio

4:19 – We talk about it in our office that there’s a war on savers.

5:24 – What inflation rate we use for planning.

5:38 – Is there anything you can invest your cash in that will beat inflation?

6:22 – What times are okay for keeping more cash on hand?

7:15 – Do clients struggle with this issue of having too much cash?

9:03 – Don’t be afraid to have that conversation with an advisor to find out what options are available to you for investing your cash.

9:56 – Mailbag time

10:22 - Mailbag question: I’m retiring in six months. What happens if we have a market crash before I get to the finish line. Will I be ok?

12:00– There’s software available to our team that can run thousands of simulations to show you how your portfolio will do in different scenarios.

Get the full show notes and additional resources by clicking here: https://www.baschrock-fg.com/podcast/ep-6-the-risks-t…much-cash-part-1/