Ep 17: Winning the Financial Triple Crown: Strategies from the Kentucky Derby

Wealth & Wisdom with Michael Loftus

The Kentucky Derby is coming up on May 4th this year. As always, it’ll be a spectacle of speed, strategy, and stunning hats. In this episode, we’ll explore how several intricacies of horse racing intertwine with the journey to crafting a winning retirement plan.
We explore the importance of training for the big day, assembling your financial team, and protecting your investments like a prized thoroughbred. Michael discusses the significance of hedging against market volatility and long-term care costs, applying lessons from the betting world to risk and reward in your portfolio, and ensuring your financial plan fits you like a custom-tailored Derby hat.
As we approach the financial triple crown of early, mid, and late retirement stages, Michael shares insights on adapting your investment strategy to each phase. Plus, we bring the annual financial wellness checkup into focus, emphasizing budget adjustments in the face of rising inflation, building financial immunity, and the necessity of a proactive planning approach.
In the mailbag segment, Michael tackles real-time questions from listeners like Jacob in Chicago, contemplating the switch to annuities, and Wendy in North Carolina, questioning the diversification of her rolled-over 401(k). And for Tony in Philly, Michael lays out the roadmap to determine how much to save for an early retirement dream.
Whether you're donning your fanciest hat or simply aiming for a secure financial future, this episode is your ticket to the winner's circle. So, saddle up and join us on this enlightening ride towards wealth and wisdom.
Grab your saddle and your fancy hat and join us at the starting gate as we race toward retirement.
Here’s some of what we discuss in this episode:

• Why it’s important to understand that everyone’s circumstance is different.
• You need to screen your portfolio for winners and possibly trim out the losers.
• Why diversification, even with mutual funds, is important.

LEARN MORE:

Recent educational videos on YouTube: https://bit.ly/3CMiRbt
Schedule a meeting with Michael: https://lwsde.com/schedule-a-meeting/
Visit Michael's website for more resources: https://lwsde.com/
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