What is risk in retirement?

 

With his permission, let me retell you a story about a client, Jim.

Jim is 62, newly retired, and he and I agreed that the biggest risk in retirement is running out of money. Most people would simply not be able to go back to work to earn their way out of any problems.

To avoid running out of money, Jim wanted to sell all his investments and stay in cash. But is he right? What has happened in the past to cash, inflation, house prices and the stock markets?

Watch my short video here where I tell you about my conversation with Jim.