Retirement Advisor: Economic Reality Is No Barrier To Retirement
Morgan Housel, in his latest blogpost for Collaborative Fund, posits that a young person lacks the funds with which to invest precisely when he can most benefit from compounding. This podcast (5:58) suggests four advisor implications of this current social reality: first, that all is not lost for investors who lack the cash flow at a young age; second, that contemporary economics requires vigilance regarding negative compounding; third, that people need to take maximum advantage of positive economic conditions and prepare for a poor economy ahead of time; and fourth, that accessing the miracle of compounding is facilitated by establishing a reasonable standard of living. Learn more about your ad choices. Visit megaphone.fm/adchoices