EP. 84 - Compound and Protect
Feb 8, 2022·Tap to summarize
This week on The Retirement Matters Show, Dale discusses the power of Compound Interest and time. When used together these two components will have a positive effect on your life as you near retirement. When it comes to investing your money, time is the most important factor. Dale urges younger listeners to start “paying yourself first” now, so you can reap the benefits in retirement! However, if you are already retired or are nearing retirement, you should begin to transition your mindset from trying to GROW your retirement accounts to ensuring your income goals are met. During this time, losses hurt you more than gains can help you and your mentality is more about protecting, not compounding.
