The Setup:

Even the best savers make mistakes when planning for retirement and we’re launching a new series that will go in-depth on that topic. Part 1 of The Risks that Savers Face will discuss cash and why becoming so enamored with it can end up costing you money over the long run.

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Click the timestamps below to skip to a specific topic in the episode.

The Combination:

Saving money is the backbone of any good financial plan, but even savers will have missteps along the way. 

Over the next four episodes of Unlocking Your Financial Future, we will take a look at the risks that savers face in a new series that will help you understand how certain saving strategies can actually hurt your retirement plan. 

Part 1 takes a look at cash. It’s something many of us get enamored with, whether we’re stashing away an emergency fund or preparing for a market crash. But having too much cash on hand isn’t a smart idea. 

Ben Schrock welcomes on his portfolio manager, Keith Lockwood, to help us with this conversation and explain some of our strategies we utilize when building a plan for clients. There are times for cash but if you don’t invest it correctly, you’ll lose out to inflation over time. Plus, Ben will explain why they believe there is currently a war against savers and how you can avoid falling victim.

We’ll also open up the mailbag on this show and take a listener question dealing with concern over a market crash before she reaches retirement. Should she be concerned? What can she do to prepare herself and her portfolio? We’ll tackle that later in the show. 

We’ve laid out the main topics below. Click the timestamps to jump around in the episode.


Key Points:

1:04   Introducing our guest today, Keith Lockwood

1:21  We are beginning a new series on ‘The Risks That Savers Face’ 

2:27 – Today we focus on cash and why you shouldn’t be so enamored with it. 

2:40 – What percentage of cash do you recommend clients carry in their portfolio

4:19 – We talk about it in our office that there’s a war on savers.

5:24 – What inflation rate we use for planning.

5:38 – Is there anything you can invest your cash in that will beat inflation?

6:22 – What times are okay for keeping more cash on hand?

7:15 – Do clients struggle with this issue of having too much cash?

9:03 – Don’t be afraid to have that conversation with an advisor to find out what options are available to you for investing your cash.

9:56 – Mailbag time

10:22 – Mailbag question: I’m retiring in six months. What happens if we have a market crash before I get to the finish line. Will I be ok?

12:00– There’s software available to our team that can run thousands of simulations to show you how your portfolio will do in different scenarios.



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