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Rethinking Retirement with Marvin Mitchell


Lost in the wilderness without a compass or a map… That’s how a lot of people feel as they approach retirement. Which direction do you go? What tools will you need? How can you find your way?

Welcome to the Rethinking Retirement Podcast with Marvin Mitchell, founder of Compass Retirement Solutions in St. Louis, Missouri. Marvin has dedicated his career to helping retirees and pre-retirees find their way through the financial wilderness.

Using proven strategies and solutions, Marvin can provide you with the plan to achieve your retirement goals and avoid getting lost along your way. On this show, he’ll illustrate how to avoid common retirement mistakes, point out the essential questions you need to ask yourself, and lay out the plans you need to successfully retire.

Call Marvin at 314.373.1598 or visit https://compassretirementsolutions.com/

Dec 17, 2020

Too often, people will have more risk in their portfolio than they realize, and that can be a real problem. Today Marvin will tell you how to determine how much risk is appropriate for you, share an example of what can happen if you don’t plan properly, and explain the rule of 100.

 

Read more and get additional financial resources here: https://compassretirementsolutions.com/2020/12/17/ep-2-should-you-reduce-your-risk/ 

 

What we discuss on this show:

1:30 – Background on this income conversation

3:06 – Should I reduce my risk?

3:59 – Client example of appropriate risk

6:06 – How much risk are you comfortable with?

7:54 – Rule of 100

9:05 – Get a stress test