(gentle music) – Retirement planning
is an ongoing process that requires monitoring
and tweaking over many years to help ensure you have enough to meet your retirement goals. In this video, we're gonna cover three best practices you can implement today. If you're approaching
retirement, you may want to download our retirement
checklist to see just how prepared you really are. Just click on the link in the description for access to this free
checklist right now. Now let's go over the three best practices for retirement planning that
you can implement today. Number one, make a minor
increase to your savings rate. Boosting retirement savings
doesn't require major shifts in contributions.
Small increases can
still have a big impact. For example, increasing your contribution by just one percentage point because of the impact of compounding
may really boost your savings. Many employers will allow
you to automate your savings and divert a percentage of each paycheck to
your retirement account. Number two, extend your retirement date. The longer you hold off on retiring the more time you will have to save money and take advantage of compounding returns. A study by the National Bureau
of Economic Research found that a 66 year old who
works one additional year before retiring could
increase their retirement savings income by 7.75%. Let's say you have a
million dollars in your 401k and you max out your contributions
at $1,875 every month. A 7% annual return rate
compounded annually would mean you gain an additional $92,500 after one more year of work
and $191,000 after two years.
Number three, think long term and boring. Work with financial professionals
to find investments that are most likely to help you
reach your retirement goals. While there are always exciting
investments to consider, most find it best to think
boring and long term. Oftentimes, the more
exciting investments come with big market fluctuations. These fluctuations can cause
feelings of greed or fear which could cause you to buy or sell your investments
at the worst possible time. Small behavioral changes
can make a big difference in your retirement savings. Boosting your savings rate, extending your retirement date, and selecting smart investments,
even if they're boring, can really help you maximize
your retirement savings. I encourage you to speak with an advisor about how these strategies
can be tailored to fit your unique financial situation and help you achieve
your retirement goals.
Call us today at (602) 343-9301 or visit strategyfinancialgroup.com and click on the orange
schedule meeting button. To download our retirement checklist, click on the link in the description. Thanks for watching, and please subscribe to our page for more content like this. (gentle music).
as you age stiffness settles into your joints and this can make it more difficult to move around and maintain an active lifestyle this video is directed at me maybe you but it's definitely directed at me because Jody is as flexible as they get but it's true as your body slows down and it ages and it gets stiff everyday activities start to feel more strenuous than they used to and that is not a good place to be a sedentary lifestyle only makes this situation worse we all see this too often in our clients and we want to help you avoid this as much as possible now we're working on my stiffness we are by playing we're working on your flexibility flexibility yeah the stiffness is there I'm good at that that part's there we're working on my flexibility but there's a lot of things we're doing we started playing pickleball down here at the YMCA on Tuesdays and Thursdays and we playing around Robin and that we stretch before we play We stretch after that's new for me right but it really it's an interesting so sport because there's probably 60 people there probably and most of them are older I would say all of them are 50 and older some are 66 like me and we don't see many people stretching before or after and we also see many injuries you know the woman who runs the program whose name also Jody with an eye with an eye she can't stop talking about this enough but people just don't seem to listen well last week we were playing some guy fell down and he tore his Achilles tendon and you also can get um tendonitis by not stretching you know we're we're learning more and more about stretching or I am because again you're really good at this with yoga um but it is really critical to stretch as much as you can so that you can overcome the stiffness and stay limber well into your 60s 70s and 80s you know flexibility benefits you in more ways than one it improves your movement overall and it helps prevent simple strains and injuries including muscles and disc streams shoulder strains and certainly that ever present backache that many people feel you know a friend of ours mom just fell and broke her hip and you know there's a whole concept about we're not talking about muscle today but having good muscle around your bones and also stretching your muscle is going to improve your past texture it's going to help or prevent you know Falls and injuries and it's also going to enhance your joint range of motion which is important you know we live active lives with as we've told you pickleball golf cycling you work out using weights I do yoga Power Yoga with weights sculpting classes but everything you do is more stretching but that's new for me and um you know all through my career I didn't do a lot of stretching I did a lot of like hit power like weight training actually rushed to the gym right and get to a routine it was all about doing the circuit as quick as you could to get to work but yoga and besides yoga you know you just want to make sure that you are becoming more flexible because it has benefits to your outside muscles it also has benefits to your internal organs as you twist and stretch my One Yoga calls it in my one yoga teacher calls it internal housekeeping whenever you sit and do like a real deep stretch it really helps your organs on the inside I think we should have called this video yoga for a more flexible life how's that it wasn't going to be about that but I'm happy to Pivot and talk only about yoga if you want well it is it is good that you do it five days a week and I think what I'm gonna do I'm gonna commit to when we get back to Connecticut I'm going to come to yoga one day a week wow that would be great but it's got to be an easy one not one of these crazy hard ones you know I was a college athlete and I loved going to the gym and I loved competition for the greater part of my life you know um for years as I was working and raising children you know I just fit the gym in like whenever I could you know and I lost focus on really what I was trying to accomplish while I was there well we were trying to accomplish checking off the box right and it has to be more than that because we lost Focus we didn't really worry much about flexibility until after we retired and I think that that's really the main point of this episode today is really the importance of stretching right yeah because you know it's funny when you're just fitting the gym into your lifestyle you really don't stretch before and you really don't stretch after because you have a amount of time so you jump into your class or your weights or your cardio and then you leave but now that we're retired we have learned the benefits of stretching and flexibility I preach it all the time in our house and I'm hopeful that Mark will start too I'm going to start yeah I am I can almost touch my toes now I'm working on that so let's talk about the three main types of stretching because you know just saying we should stretch isn't enough you really need to know what you're doing and you need to be careful but there's three types of stretching you can do with little or no equipment or investment of of any kind right and really if you think about it the first one is something you did way back in grade school right it's called static stretching this is where you hold a position for 30 seconds and then relax you repeat it again three to five times before moving to another stretch and the big key here is not to bounce right so not to lean over to touch your toes and then bounce bounce bounce lean over and hold for 30.
This is like touching your toes yep now I can just about touch my toes but you should get up and show them you can put your hands flat on the floor I can in front of your feet I can which is that's about this much further bent over than me which is a new kind of accomplishments which shows you that that the more static stretching you do the further you're going to go I'm feeling really inadequate right now I do you just need to work on it I'm going to I have to the second type is called isometric stretching right so this is similar to static stretching you hold the position and gently stretch your muscle during the stretch and then you hold the pose for 15 to 20 more seconds Contracting and relaxing your muscle during that time I I don't get it can you please show us what you're talking about because I don't know what it is but this give me anything this stretching will improve your strength and flexibility because you're flexing and releasing your muscle it's just like jumping jacks okay well what is there a what's the third so the Third Kind this is where you're going the third type is dynamic stretching oh that's Jumping Jacks and burpees right well kinda but not really so this involves actively moving your muscles and joints in a set Motion in repetition for usually 10 or 12 times so it's more like you know like head rolls like you want to really roll your head around and you roll your head at me all the time the other thing it could be is like walking lunges or leg swings or even hip circles the idea is to stretch a little further each time using fluid movements feeling very inadequate I definitely need help will you help me well if it's you all and you in particular are open to help there is so much research about stretching and I have to tell you I'm gonna hold you accountable for this because you just declared you'd go to yoga that which is like huge I can't wait to call Courtney and tell her you'll be there okay and um thing is the make you can actually see actually feel and you get looking forward to kind of pushing a little bit harder without bouncing in each one of them you know it's funny I do stretch using my freeletics app it is a warm-up and then I work out with burpees and push-ups things like that and there's a stretch at the end but I'm actually just thinking it's just again checking the Box well I should do this move and I should do that move but I'm not really doing it with the intent of becoming more flexible right and I think that's a mind shift that I have to have because your yoga five days a week I mean you're just incredibly limber and stretchy and I'll tell you it helps me with my physical wellness vision of not only being physical physically independent right but being able to get down and up on the floor with great grandchildren grandchildren you know and even continuing to play sports I think it's really important all right I'm gonna do this jumping jumping stretching you are yeah okay I'm gonna do it I'm gonna do it three days a week 15 minutes of stretching I'll take pictures I'm going to start I'm going to start with rolling my eyes and then my head you know like anything to get the benefits you really have to do it you know consistently and you know over time and but you will see the results when I started yoga I could barely touch my toes now I can lay my hands flat on the floor and actually the other day when we were playing golf and I was on the golf cart and we were parked I actually went down to stretch and I went below my feet you know down to a rock so but it's it's encouraging I think well listen it's something that is really important and and we know it's important I I'm not doing it and I need to do it you do which and I'm making a commitment to you to do more stretching good right now if you thought this video was great we hope you did this next one finding your path to physical wellness besides looking at creating healthy physical habits and routines we're going to take you on a journey to create a vision for your physical wellness so watch this next video nextRead More
how does a precious metal IRA work a gold Ira or precious metals Ira is an individual retirement account in which physical gold or other approved precious metals are held in custody for the benefit of the IRA account owner it functions the same as a regular Ira only instead of holding paper assets it holds physical bullion coins or bars how do gold and silver IRAs work a gold Ira works exactly like any retirement account with the added benefit that it provides you more control over your investment to include physical gold coins and bars and other IRS approved Silver Platinum and Palladium metals what will happen to Silver if the dollar collapses that is because the U.S dollar would essentially be worthless if it were to collapse in value in a sense the price of silver would be infinite if measured in terms of the US dollar is it better to own gold or silver is more volatile cheaper and more tightly linked with the industrial economy gold is more expensive and better for diversifying your portfolio overall either or both may have a place in your portfolio arguably the best use for gold as an investment is to mitigate portfolio risk what is the best way to invest in Precious Metals the best way to invest in Precious Metals is either to buy the metal outright and hold the physical form or to purchase ETFs that have significant exposure to precious metals or companies involved in the precious metals business is a gold Ira any good a gold Ira often comes with higher fees than a traditional or Roth IRA that invests solely in stocks bonds and mutual funds a gold Ira can serve as a good hedge against inflation but is also concentrated in a single asset class why should I invest in a gold IRA a gold Ira offers diversification from other assets that may be volatile during economic downturns or periods of high inflation such as stocks and bonds one of the safest Investments is gold because its price remains stable over long periods with little volatility should you invest in a gold IRA still a gold Ira can be a good option for investors who want to diversify their retirement accounts and also take advantage of the hedging benefits that the yellow metal offers against other Financial assets like paper currency and stocks many Financial experts recommend keeping 5 to 10 of a portfolio in gold for a comparison of the best gold Ira company's visit https colon slash slash www.goldira401convesting.com gold Ira company slash click Link in the description below
[Music] welcome to the retirement income show on Market Lane alongside the CEO and founder of Oak Harvest Financial Group that of course is Troy sharp Troy is a certified financial planner professional his team at Oak Harvest is incredible if you want to go to the website to learn more elk Harvest financialgroup.com Oak Harvest fg.com works as well a lot of great information on the website you can learn about Jared Kinney Ryan Kenny you can learn about Chris Paris Jessica canella the whole team there's just a phenomenal team Oak Harvest financialgroup.com and of course you can always go to the YouTube channel there's over 300 videos on there about any topic you can think about in the financial world the retirement world uh it's phenomenal and there's no cost you subscribe you'll know when all the new ones are out but there's no cost to any of that YouTube check out Troy sharp and Oak Harvest Troy's office located at 921 oral City Way I-10 and Bunker Hill they they are here for you if you need help they would love to help they just don't know if they can help until you reach out and you can do that just by giving them a call 800-822-64-34-800-822-64 34 today we're going to be talking the retirement success plan Troy is going to explain what this is and it's the process so it's about investment planning income planning tax planning health planning Estate Planning and they all go together Social Security and Medicare are in there as well you know you've done this for a long time you sat down with a lot of people so you kind of understand the common mistakes the common things that we Overlook as well this will be good going through the retirement success plan how are you going to inform us today of this retirement success plan well just like we have as humans we have basic needs right we have that hierarchy of we need shelter we need food we need security in retirement or once we get to retirement people have their the same concerns the same questions we all have the same let's call it fears do we have enough you know can you retire when can you retire how much can you spend when you do retire without the fear of running out of money we all want to pay less tax right the government can get their fair share but not a not a penny more and whatever that fair share is it's it's defined differently based on your plan so if you take the government's plan there they want to get as much from you as possible and the tax law is set up in a way that if you don't plan for taxes in retirement oftentimes we see people in situations where if they keep doing what they're doing 200 300 500 800 we sat down with a client prospective client recently and we're doing this analysis it was well over a million dollars in taxes if he kept doing the his way of things the way that his advisor had him doing it in regards to his income plan and tax plan and retirement well there was no tax plan obviously but his income plan was going to lead create this domino effect of his tax bill being over the course of time over the course of 25 years over a million dollars in estimated taxes that he was going to pay that he simply didn't have to pay if he went about a different approach the approach that I'm going to talk with you about today as far as step three of our retirement success process the tax planning aspect so just like we have basic needs as human beings we have basic concerns when it comes to retirement and we've created the structured process and that's the beautiful thing about the retirement success plan is it's a plan that is something that is actionable but it's also living and breathing it's something we will review with you throughout the year once you're a client but it's also a process and we believe in structure here we're really big on structure and process and that keeps us organized that keeps us on schedule and that keeps us ahead of the planning curve in order to do the things that we promise for everyone that's entrusted so much to us and I'm talking about your retirement you worked for 30 years 40 years 50 years in some cases and you save up whether it's five hundred thousand dollars or five million or 50 million you need a team of people that of course are knowledgeable but before education and certifications and designations and training and experience first and foremost you need somebody that cares okay if you start there with someone that's a fiduciary and not just you can be a fiduciary and still do the wrong thing I've seen it for years in the industry where fiduciary advisors still sell mutual funds that have high fees and commissions and they can make justifications for why they're selling them or why they think you're they're in your best interest I don't believe that they are personally um we would never put someone into a mutual fund that is charging a five percent front end commission and then you know has two or two and a half percent of hidden fees and we've seen that for for years coming from fiduciary firms fiduciary advisors so you start with from Ground Zero are you working with somebody who truly cares who's truly passionate about retirement so with that philosophy in mind that's the foundation of of what we look at when we hire people here at Oak Harvest Financial Group you could have all the designations in the world all the education all the experience but if if you're arrogant if you're not humble if you're not hungry if you're not continuing strive to be continuing to strive to be a better person we don't want you to work here because that foundational element do you care about the people that you're working with on a human level if that's not there then you know we don't want any part of that type of person I don't care how much you produce how what the metrics are when it comes to how we measure advisor performance so that's the foundation now once you have someone that cares you want a structured process in place to deal with those big questions that you have the big concerns that you have so do you have enough yet it's not just a yes or no question it's a function of how much do you spend what is your health situation if you're healthy yes of course you're going to live longer most likely but are you planning for the increased medical costs in increased probability of needing long-term care or Assisted Living these are aspects that healthier people do have to absolutely be concerned about those that are less healthy it's less likely you're going to have a two or three year four or five year stay in a long-term care facility or need nurses in the home so when we talk about do you have enough and can you retire these are all the answers to those questions are function of how much do you spend what is your longevity what is your health situation your of course your family history um but not only that it's what are we doing with the other aspects of this process meaning the income planning side the tax planning side what about the health care side you know are you retiring before Medicare do we need to look at some type of Health Care planning that qualifies you to receive a subsidy so you're not paying two thousand dollars a month for both spouses for health insurance that maybe we get it down to 400 a month or 600 a month or maybe no out-of-pocket costs whatsoever for health insurance premiums you can do that with proper planning but you need the right type of asset structure meaning if you have all your money in retirement accounts this is where tax planning comes in when you take money out that goes on to your 1040 your tax return and then you probably aren't going to qualify for as big a subsidy as if you had money saved and non-ira accounts so this the structuring of income planning tax planning Health Care planning and then of course the estate side of things this is all what the oak Harvest retirement success process the retirement success plan is and that's what you receive when you become a client it is a very clear and structured process that we go through but then it's also a plan that is living and breathing and we're making adjustments as time goes on tax law changes economic conditions change goals change your spending levels will change it retirement is and we've only learned this you know from years and years of experience the best delayed plans we can't just set him and forget them you know plans need constant monitoring just like a plant or a garden or you know a human being so the retirement success process we're going to get into today to to today we're going to focus on the first three steps the first step is risk management and investment planning next step is income planning so income planning is social security when do we take that it's not just based on the math which it does play a role but when we start to look at are you a conservative investor okay versus an aggressive investor investor that plays into the Social Security election decision of course your Health and Longevity plays in market conditions okay are we in a recession when you're thinking about taking social security are your accounts down 20 30 percent or did we have a really really good year last year and it looks like we're gonna have a good year this year all of these factors kind of tie in to that income planning component as well as many other we're going to talk about and then the big one we're gonna we're gonna get into is tax planning that's step three of the retirement success process and when you start to understand that retirement is a set of dominoes when you're young you work you put the kids through school you deal with traffic you deal with bosses you deal with if you run your own business all the headaches that come with that you deal with so many different things money is really really simple it's life that's complicated in the accumulation phase once we get to retirement now life gets a little bit more simple it's the money it's the decisions you have to make and the realization that every single decision you make how you invest the portfolio impacts not not only how much income you can take today but how much income you can take down the road the sequence of returns risk based on how you've invested sequence of returns is if the market goes down and you're also taking money out you exacerbate that downturn in the market because there's no paychecks coming in you're you're pulling money out and losing in the market so these decisions every single one that you make it's a domino effect it impacts everything else it impacts the tax plan it impacts the income strategy can impact the health care it can impact absolutely the estate plan so we walk you through this process so we have a plan in place we call it the retirement success plan and the goal is for you to have security first and foremost but what I find most often is the outcome is that people feel more comfortable they feel more secure and they're able to enjoy retirement a bit more because they've they have a plan in place that addresses all these certain needs but also through the continual monitoring and adjusting and conversations one thing I love about our process is when someone comes to us and we have that first meeting where it's just get to know you you know no pressure no obligation no cost we get the information we do an analysis between that first and that second visit and then when we come back on that second visit you actually get to see what it's like to be a client at Oak Harvest Financial Group because that second visit with us we're starting to go through the foundation of a financial plan we're starting to discuss the decisions that you have to make not only this year but in the future so that's almost exactly what it's like to have an annual review with us or a semi-annual review with us so I love that about our process is that you get to see before you ever decide to become a client what it's like to actually be a client when we have up on the big television screen all of the information the choices you have to make the impact of making different decisions how it impacts your taxes how it impacts your income how it impacts your account balances when we do a sensitivity analysis and and show you okay this outcome in the market and this outcome for income decisions versus this one here are the possible outcomes for those choices and that those combination of choices so you get to see what it's like to actually be a client just through our normal process of going through that first second and third visit with us many Engineers it takes a little bit longer than that sometimes it's four or five visits but our goal is to Simply provide value we want to make deposits in your life we want to provide value and you know people see that value and they say you know what I think you guys could be a great part of my financial team my retirement team and yes I want to work with you Troy so if that's you if you don't have a retirement success plan if you don't have a tax plan income plan if you don't understand the guard rails what I'm going to get into in this next segment as far as risk management in retirement give us a call we want you to leave a message there's no one here working on the weekends if you're watching this on YouTube if you're listening to this later and it's during the week sure give us a call someone will pick up but we want to have a conversation just to see what's important to you who you are if you're a good fit for what we do and of course you can ask questions to see if we're a good fit for you and then we'll schedule that first visit there's no cost no obligation we can do it through Zoom we can do it in person at the office right here at I-10 and Bunker Hill in Memorial City and that first visit we'll have a cup of coffee a glass of water and just get to know each other and if we are a good fit at that point we'll get that second scheduled we'll do the analysis that I talked about and we'll walk you through that retirement success process so you can have those big questions answered do you have enough can you retire and how do you pay less tax 1-800-822-6434 1-800-822-6434 Oak Harvest Financial Group check out the YouTube channel check out the website Oak Harvest Financial Group so when you think about this this is what I think you should really like about it it's you're working with the team at Oak Harvest for your retirement right to coming up with that retirement success plan you're the CEO it's your retirement look at Troy and the team at Oak Harvest as your Chief Financial Officer here to help guide you you're going to make the decisions they're going to give you the choices right and it's up to you because it is your retirement it's your hopes and dreams your bucket list and all of that it's really important though that they understand your feelings your thoughts your hopes your dreams it is about you so you've got to talk to them and they're here to listen and they're here to help again that number is 800-822-6434 risk management how important is it what actually is it Troy we'll explain when we come back this is the retirement income show with Troy sharp out of Oak Harvest Financial Group back right after this investment advisory services offered through Oak Harvest Financial Group LLC Oak Harbor's Financial Group is an independent Financial Services firm that helps people create retirement strategies using a variety of insurance and investment products investing involves risk including the loss of principal any references to protection benefits or lifetime income generally refer to fixed Insurance products never Securities or investment products insurance and annuity product guarantees are backed by the financial strength and claims paying ability of the issuing insurance company Oak Harbor's Financial Group LLC is not permitted to offer a No statement made during this show shall constitute tax or legal advice you should speak to a qualified professional before making any decisions about your personal situation we are not affiliated with the US government or any governmental agency this radio show is a paid placement foreign [Music]
– But you know we're all getting older, I turned 39 this year, not worried about turning 40 next year. I'm not worried about getting older at all and I think that's because I have good friends in their 40's, 50's, 60's, my parents are late 60's, early 70's and they all seem to be having quite a nice time. What is see is my future is not a scary one. My parents have this thing that I think happens to a lot of people when they retire, is all of a sudden, they can see their friends a lot more often, they can do hobbies they've never had time for and they're so busy, they think to themselves, how on Earth did we fit work in, which must be a lovely state of affairs, mustn't it? Me mam was showing us her diary 'cause she said it was choc-a-blok.
She said, look at this. She said, we were gonna go see Oliver, The Musical that day but we can't because we forgot we had Swan Lake booked in at The Empire. She's only this tall, she looked up at me with this face that I adore and she went (laughing) I haven't got time to die. (laughing) I said, I don't think that's how it works, mam. (laughing) Just the Grim Reaper standing by and just going, I cannae do October. (laughing) I cannae do November.
(laughing) Goin' to see Tony Bennett in November. The Grim Reaper's like, Tony Bennett, I've been after him for years. (laughing) But for the last 16 or maybe even 17 years, my mam and dad's annual holiday has been one week in Edinburgh. They love the city, they have friends there, they go, they have a smashing time, they come home, all good. But for some unknown reason, two years ago they decided to book a cruise and I said to me mam, that's very adventurous, what made you book a cruise? And she said, we just saw them loads on the telly and I said, yeah mam, I'm pretty sure that was the news. (laughing) They were running aground and people were dying and me mam and dad are like, that looks lovely, shall we do that? (laughing) My parents-in-law have a similar joy for life, they have a real knack for being able to turn a bad situation into a good one.
I think it's something we could really learn from, all of us, I think. I'll give you an example of this. They're both semi-retired and my father-in-law was caught speeding. Now I don't know if you know this, I didn't know this, that if you're caught speeding and you choose to do the Speed Awareness Course, that you have to do it in the town where you were caught as opposed to where you live, if it's different.
They're based in the Midlands, he was caught speeding in Bournemouth. And my mother-in-law said to me, we've decided to make a weekend of it. (laughing) Isn't that adorable? (laughing) But I know getting older is no plain sailing, I know that there are problems along the way. One of my friends is in her 60's, have we got any women who are 60 or above, give us a cheer. (crowd cheering) Few of you, so maybe you can vouch if this is true or not. One of my friends, she's 62 and she said, there's something I need to tell you, I said, that sounds really serious, is it serious? She said, well, I just don't want it to come as much of a surprise to you as it did to me. I said, okay, well you better tell us what it is then. She said, when you get to my age, down there, instead of it being a lovely, healthy pink colour, I could have walked away right then and there. (laughing) Whatever you've got, I don't want to know.
(laughing) Instead of it being a lovely healthy pink colour, it's more of a slate grey. (laughing) It's the detail that I love, she didn't say grey, she said slate grey. (laughing) Like she'd had the Dulux colour chart out. (laughing) Here Terry, look at that. Do you think that's Thunder or Slate? (laughing) I was so horrified by what I just learnt that I blurted out, you mean like when meat's on the turn? (laughing) Does that smell all right to you? (laughing) There'll be a few handbag mirrors coming out when they get in tonight I reckon. (laughing) But my mam is, my mam is nearly 70 and she's in a wheelchair and sometimes people are mean to her because she's in a wheelchair, which is horrible and hurts all of us, but her especially and I was trying to think of just some small way that she could retaliate when that happens to make her feel a little bit better, you know, and I was trying to teach her the cough swear thing, you know the cough swear thing? [ __ ].
(laughing) Tryna teach her that, 'cause she's always so immaculately dressed and her nails are always perfect and I thought, nobody for a second would suspect, they'd be like, did that lady just? Did she just? [ __ ]. Did she just? No, look at her nails. (laughing) Give her a lozenge. So we talked about it, we laughed about it, we moved on our conversation. About 10 minutes later, talking about something entirely different and me mam said, had to go to the doctors this week. I said, oh, is everything all right? She said, yeah, but I had to see the nurse. I said, oh, is that not good? She said, oh, it's the one I don't really like. I said, oh, never mind. She said, yeah, you know the one I think's a bit of a [ __ ]. (coughing) (laughing) What have I done? (laughing) She did the cough like it was a full stop.
(laughing) Hello, it's Sarah Millican here. Please make sure you subscribe to my channel to stay up to date with all of my latest videos. Don't forget to like, pop a comment below and why not stick around to watch a few more? I'm sure those emails or those dishes can wait a bit longer..Read More
it's time for a fresh take on retirement at Catholic super we don't believe people retire it isn't about bowing out stepping down or pulling back retirement is a time of promise and possibility a chance to re-fire rewire renew so what might your retirement look like whether it's years away or just around the corner it's never too early or too late to start planning your next chapter start by asking yourself what type of Lifestyle do you want to have and how much income will you need to support it will your superb be enough where does the age pension fit in how will you invest your money in retirement and how will you transition your money there's a lot to consider but you're not alone a Catholic super we've helped thousands of Australians retire with confidence make a start today use our online retirement income calculator to see how you're tracking so far explore our knowledge Hub to learn more about retirement what's involved and how to prepare book an appointment with one of our financial advisors an initial appointment is available at no extra charge simply complete our online booking form or call us directly on 1-800-065-753 and let's start writing your next chapter foreign
today we're going to talk about the five best fidelity funds to buy and hold forever hi if you're new to the channel my name is tay from financial tortoise where we learn to grow our wealth slow and steady in order to guide our conversation i'm going to use the three fund portfolio strategy to frame the fidelity funds i'm going to recommend in this video the three fund portfolio is one of the most popular do-it-yourself investment strategies and as the name implies it's made up of three simple funds most often an equities fund an international fund and a bond fund so all the funds i'm going to recommend today will fit into at least one of these slots the first fidelity fund you want to buy and hold forever is fidelity's u.s bond index fund fxnax it tracks the bloomberg barclays u.s aggregate bond index which is composed of investment-grade government bonds corporate bonds and mortgage-backed securities it holds approximately 8 400 bonds the top issuers are the u.s treasury or issuers of mortgage-backed securities like fannie mae and freddie mac it has an expense ratio of 0.025 percent which means if you have 10 000 invested in fidelity us bond index fund you're essentially paying 2 dollars and 50 cents for fidelity to manage this fund for you the fund started in 1990 and since then its average annual total return has been 5.33 percent so what are bonds and why do you need them in the simplest term bonds or loans when you buy bonds you're essentially loaning money to someone in this case to a company or a government agency and they're a very important addition to a well-constructed investment portfolio because of how different they are from stocks a good analogy i like to use to frame stocks versus bonds is this think of stocks as your core wealth building engine without it you aren't really going anywhere and bonds are like your brakes without it you could drive yourself off the road when you have bonds in your portfolio it helps to smooth out your investment ride because though they have lower returns they have less volatility during times of market crash where your stock investments can dip by 20 to 30 percent your bond investments will hold steady and ensure your right is so rocky so in order to help you smooth out your investment right you want to start adding them to your portfolio as you get closer to retirement age and if you're invested in fidelity consider fidelity u.s bond index fund as your core bond holding in your portfolio the second fidelity fund you want to buy and hold forever is fidelity total international index fund ftihx the fund tracks the msci all-country world index excluding the united states it represents approximately 5 000 international companies the top companies in this fund are made up of companies like taiwan semiconductor nestle and asml holdings it has an expense ratio of 0.06 percent which means that if you have 10 000 invested in ftihx you're essentially paying six dollars for fidelity to manage this fund for you the fund started in 2016 and since then its average annual total returns has been 5.99 what the fidelity total international index fund will do for you is provide you exposure to the international market outside the united states exposure to different countries sectors and even currencies and we can look at what happened to the japanese stock market as a lesson on why we might want to hold an international fund at the end of 1989 the japanese stock market's capitalized value was considered the largest in the world the nikkei 225 index the index of 225 largest publicly owned companies in japan reached an all-time high of close to 40 000.
Sadly 22 years later the nikkei was under 8 500 and to this day has yet to reach its all-time high again but satur is a japanese investor who failed to invest in international stocks outside of japan the us-based companies are currently the world leader in market capitalization and revenue but who can confidently say that will stay like that in the future it would be unfortunate but the same thing could happen to the u.s stock investors i personally still have strong confidence the u.s economy and u.s based companies as a whole but i also have to continuously check my assumptions financial writer larry swegel had a saying never treat the highly likely as certain and the highly unlikely as impossible as you get more comfortable with the international market you can start adding them to your portfolio and the fidelity total international index fund is a great option to represent your international holdings the third fidelity fund you want to buy and hold forever is fidelity zero total market index fund fzrox the fund tracks fidelity's in-house fidelity u.s total investable market index it represents approximately 2 700 u.s based companies the top holdings in this fund are apple microsoft and amazon it has an expense ratio of zero percent yes you heard me right zero dollars to invest in fidelity zero total market index fund thus the zero in its name the fund started in 2018 and since then its average annual total returns has been 11.82 the fidelity zero total market index fund is a total market index fund which means it tracks the total u.s stock market so this will be a great option as your core equities holding in your three fund portfolio however there are a couple things i do want to note with this fund especially in comparison to the two other equities options i'll cover here in a bit one is the fact that the index it is tracking is fidelity's in-house index fidelity u.s total investment market index this necessarily isn't a bad thing but there are actually more than 2 700 publicly traded companies in the united states than what this fund represents what this fund has done is exclude really small companies from its index in a big scheme of things this doesn't make that much of a difference in performance since the representation is based on market capitalization so the excluded companies would only represent maybe one percent or even less than that of the total fund but this is still something to note the total market here isn't quite the total market a second item to note with the fidelity zero total market index fund is the fact that you can't transfer your shares to another firm without selling your holdings and when you sell your holdings you have to pay taxes on your capital gains the fidelity zero total market index fund was designed with zero percent expense ratio in order to gain more customers so fidelity doesn't want you to move your money to a different firm and this limitation creates that barrier paying zero percent is nice but you won't understand that free comes with some strings attached but if you're planning to stay with fidelity for life fidelity zero total market index fund is a great equities fund to hold the fourth fidelity fund you want to buy and hold forever is fidelity total market index fund fskax the fund tracks the dow jones u.s total stock market index it represents approximately 4 000 u.s based companies the top holdings in the fund are apple microsoft and amazon essentially the same as fidelity zero total market index fund it has an expense ratio of 0.015 percent which means that if you had 10 000 invested in fidelity total market index fund you're essentially paying 1.50 for fidelity to manage this fund for you the fund started in 1997 and since then its average and annual total return has been 8.29 it's fidelity's original total market index fund prior to the introduction of fidelity zero total market index fund and fidelity total market index fund does exactly what his name implies invest in the total u.s stock market essentially every u.s based companies out there when it comes to investing in the stock market the key principle you want to abide by is diversification many people tend to think the only way to make money in the market is to beat the market by either selecting good stocks or good actively managed mutual funds unless you're a professional investor with hundreds of analysts working for you around the clock analysts who are constantly interviewing and researching companies and industries we can't win in the stock picking or fun picking game the odds are just stacked too high against the individual investor so the best strategy to beat wall street is to just track the market and at the lowest cost and fidelity total market index fund is a great fun to hold as your core equity is holding in your portfolio if you want more flexibility from the fidelity zero total market index fund the fifth fidelity fund you want to buy and hold forever is fidelity 500 index fund the fund tracks the s p 500 index which represents the 500 largest publicly traded companies in the united states at the time of this video there are exactly 508 publicly traded companies in this fund the top holdings in this fund are apple microsoft and amazon essentially the same as fidelity zero total market index fund and fidelity total market index fund not a surprise given the company representation is based on market capitalization and these big companies represent a good percentage of the market as a whole it has an expense ratio of 0.015 percent same as fidelity total market index fund so if you have ten thousand dollars invested in fidelity 500 index fund you're essentially paying dollar fifty for fidelity to manage the fund for you the fund is the oldest of the bunch it started in 1988 and since then its average annual total returns has been 10.66 percent when most people talk about the stock market they're most often referring to the standard and poor 500 not the total market index and the reason is because it's so much older it was created in 1926 when it began tracking 90 stocks and in 1957 the list expanded to 500 and for the past century it has been the go-to index to represent the stock market when you turn on any financial news reporters are always discussing how the s p 500 is up 50 points or down 100 points it essentially represents the 500 largest u.s corporations weighed by the value of the market capitalization and because it's weighted by market cap though there are approximately 4 000 publicly traded companies in the united states total these 500 stocks represent about 80 to 85 percent of market value of all u.s stocks and the weight within the index automatically adjusts based upon the changing stock prices to this day the s p 500 remains a standard to which professional mutual fund managers and investment firms compare their returns against so if you want your equities holding to match the performance the largest u.s stocks since they're essentially what moves the market hold fidelity 500 index fund as your core equities holding but i do want to say this whether you choose the fidelity 500 index fund the fidelity total market index fund or the fidelity zero total market index fund as your core equities holding you really can't go wrong with any one of them they're all great funds you just want to understand exactly what you're buying that's it guys i know i normally advocate for vanguard funds but sometimes you may not have the ability to choose the investment firm that you want because maybe your employer doesn't offer it that was the case for me and therefore most of my 401k is actually invested in fidelity fidelity is a great investment firm if you're looking to invest with them pick any of the five that i mentioned here and you can't go wrong if you'd like to learn more about the three fund portfolio and why you might want to consider it as your strategy check out my video here thank you guys for watching until next time all the bestRead More