Income Focused Investing to Help You Retire - James Locke #5655

Published: Nov. 15, 2022, 1 p.m.

b'Summary: Will your investments keep up with inflation so that you can retire, or will you have to work forever? This episode\\u2019s guest, James Locke, provides some information on how you can invest to prepare for retirement, tailoring strategies to your personal portfolio and needs. He says that it is critical to shift to income focused investing, and to always consider how you can invest some of your current income back into future income. Moreover, be sure to work with someone who will listen to your needs and help you create a sustainable plan for retirement. Tune in for more insight. Highlights: -A lot of James\\u2019 clients have left the options world -The number one question James gets is \\u201cCan I retire?\\u201d -There aren\\u2019t as many pensions anymore. People start to wonder if their money supply will last longer than them -What do you want to base your retirement on? What you know, or what you hope? -Shift from growth focused investing to income focused investing -Bonds, dividend stocks, and preferred stocks are good things to look into -If you invest a little of your income back into income, you can grow it over time -Look at your portfolio/retirement as if it were a house. Even if it\\u2019s worth more at a specific time, that doesn\\u2019t mean you can spend more -Stocks won\\u2019t go up until people are confident that rate hikes have stopped -It\\u2019s good to collect a number of perspectives. Make sure you\\u2019re working with an income specialist who will listen to your needs rather than telling you what you need Useful Links: Financial Survival Network Poole Locke Associates'