Taking Out the Trash From Your Portfolio

When was the last time you looked through your financial portfolio and got rid of the things you no longer need? As you move closer to retirement, your strategies will change and adjustments need to follow. So let’s look at four areas that you might considering trashing from your portfolio.

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The View From The Pinnacle

When was the last time you looked through your financial portfolio and got rid of the things you no longer need? As you move closer to retirement, your strategies will change and adjustments need to follow. So let’s look at four areas that you might considering trashing from your portfolio.

Click the timestamps below to fast forward to certain points of the episode.

 

Thing’s You’ll Learn Along Today’s Journey

When you see something around the house that you aren’t using anymore, what do you do with it? You throw it out of course.

The same needs to happen with your finances. It’s never a bad time to look over your entire portfolio and see if there are any investments or strategies that need to be ditched. On this episode of the Retirement Elevated podcast, Sean Lee will identify four different items that you might consider trash for your retirement.

On the list today is:

  • Debt
  • Risk
  • Lazy Money
  • Bad Advisors

We’ll tell you why each of these could be stinking up your retirement plan and how you need to handle them moving forward.

Listen to the full episode or click on the timestamps below to hear a specific segment.

1:02 – What do we mean by taking out the trash?

1:23 – Debt is the first thing to get rid of.

3:03 – Reducing risk is a good idea as you approach retirement.

4:52 – ‘Lazy money’ – this money isn’t doing much for you so move it to a place that will

7:13 – Getting rid of someone that’s not working for you and looking out more for their own pocket.

 

Looking Back From The Mountaintop

 

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MORE EPISODES

Ep 87: Retirement Pain Points

We all want to be able to enjoy peace of mind in our retirement but there are some common pain points that we all have to work through. Let’s look at the areas of retirement planning that can cause you the most worry if you haven’t done the proper planning.

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MEET YOUR HOST...

For over a decade, Sean Lee has helped families reach and maintain their financial goals. As a trusted advisor, he coaches and assists his clients with their financial goals by focusing on the fundamentals and takes a practical and personal approach when working with them.

As a trusted professional in Utah, Sean has been featured in The Wall Street Journal’s Market Watch, The Deseret News, The Salt Lake Tribune and USA Today. He has also been featured as a local financial advisor on Utah’s NBC station, KSL 5.

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