About this episode
In this episode, James tackles a listener’s question about investing a lump sum for his upcoming retirement. James analyzes one's situation and gives realistic insights on determining the right mix of stable and growth assets that will generate a rising income stream for the rest of your life. Tune in for tips on how to secure a comfortable retirement using a real-life example. Questions Answered: Should I invest lump sump sum or dollar cost average approach? How do I invest a lump sum once I receive the funds? What other planning points should I be aware of? Time stamps 0:00 Intro 0:45 Listener Question 2:55 Summarizing 4:10 Will You Be Okay? 7:10 Make Sure That Number is Accurate 8:20 4% Rule 9:53 Guyton-Klinger Rule 10:53 Two Things to Note 13:30 You Need Income to Live on 15:15 Part 2 of the Question: How to Invest the Lump Sum 18:10 Dollar Cost Averaging 21:06 Using An Example 23:40 The Principle Is This 27:00 Properly Addressing Risk 28:50 Most People Do This… 30:25 Back to the Listener Question 31:00 Summary 32:20 Outro Create Your Custom Strategy ⬇️ Get Started Here. Join the new Root Collective HERE!