Building Wealth During Retirement

is, you know, I think we're in the assumption, hey, when I retire, you know, I need to be a little more conservative.

But I'm going to tell you that really the first strategy in retirement is to be less conservative with your investments.

I know that some people will feel differently because The feeling is that, hey, I'm retired.

This money's got to last as long as I do.

I need to be more conservative.

And in truth, if you want it to last as long as you do, you need to continue to go down that same road, if you will, that got you there.

And that is growing your money.

So

you need to leave some in growth.

If you're going to spend 30 years in retirement, that's a long time.

That's time enough to leave money in the market, isn't it?

Well, it is.

And that's, you know, 30 years.

Can you imagine, you know, if you give me 30 years, you know, if with regular investing I've done for the previous, you know, 50.

Yeah.

I mean, yeah, we should do really well.

Yeah.

It's a third of your life for a lot of people.

Retirement's going to be a third of your life.

So you don't want to abandon all the savings habits that you built up.

Right.

No.

And that's why I'm going to take, let's say, the three bucket approach.

Just imagine, if you will, Tony, that you've got these three buckets.

And the first bucket, we're going to call it our short-term needs.

is, you know, I think we're in the assumption, hey, when I retire, you know, I need to be a little more conservative.

But I'm going to tell you that really the first strategy in retirement is to be less conservative with your investments.

I know that some people will feel differently because The feeling is that, hey, I'm retired.

This money's got to last as long as I do.

I need to be more conservative.

And in truth, if you want it to last as long as you do, you need to continue to go down that same road, if you will, that got you there.

And that is growing your money.

So

you need to leave some in growth.

If you're going to spend 30 years in retirement, that's a long time.

That's time enough to leave money in the market, isn't it?

Well, it is.

And that's, you know, 30 years.

Can you imagine, you know, if you give me 30 years, you know, if with regular investing I've done for the previous, you know, 50.

Yeah.

I mean, yeah, we should do really well.

Yeah.

It's a third of your life for a lot of people.

Retirement's going to be a third of your life.

So you don't want to abandon all the savings habits that you built up.

Right.

No.

And that's why I'm going to take, let's say, the three bucket approach.

Just imagine, if you will, Tony, that you've got these three buckets.

And the first bucket, we're going to call it our short-term needs.