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[Classic Rewind] Looking at Family Finances Across Time
Manage episode 434151837 series 3477430
Το περιεχόμενο παρέχεται από το Jerry Yu. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Jerry Yu ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
This is a Classic Rewind episode.
On today’s Money Talk with Yu, Jerry discusses
- Which choice is better, a Mercedes or a Jet? Why?
- As it relates to investing, why does time make a difference?
- What is the difference as it pertains to investing in short, medium, and long-term legacy, and why do they actually matter?
- What risks do people take when thinking in the wrong terms?
Key Takeaways:
- By treating financial decisions with the same scrutiny as choosing between a luxury car and a private jet, you can tailor your financial strategy to your life's unique objectives and stages.
- It's essential to diversify your portfolio and set clear goals that align with various time frames – short-term needs, midterm growth, long-term security, and leaving a legacy.
- Financial planning isn't exclusive to the wealthy; it's a tool accessible to anyone.
- Discussing the balance between different planning stages reveals the importance of maintaining liquidity, staying nimble in the face of market volatility, and understanding tax implications to protect and grow your wealth strategically.
“If I have a proper legacy set up for the next 200 years, all the great-grandchildren know grandpa Jerry Yu because of what he did 200 years ago that provided me with this financial stability, that's leaving a legacy."
—Jerry Yu
About the host, Jerry Yu:
Jerry Yu, a retirement and income strategist, specializes in aiding individuals aged 50 and older facing retirement challenges. He designs customized financial blueprints to safeguard retirees' savings from longevity risk, inflation, and sequence-of-returns concerns. Jerry's expertise includes guiding those through the critical "Retirement Red Zone," offering insights on supplemental lifetime income streams, and implementing strategies to counter inflation. His mission is rooted in rectifying the misconception that wealth accumulation strategies are the same as those for spending down assets in retirement, ensuring a secure financial descent for retirees.
Contact Jerry:
Website: www.reignfinancialservices.us
Linkedin: www.linkedin.com/in/jerry-yu-4a293430/
Facebook: www.facebook.com/reign.financial.insurance
Instagram: www.instagram.com/reign.financial
YouTube: Search for “Jerry Yu – The Family Money Doctor” (https://www.youtube.com/channel/UCe8Nv41YuU_iIvKe7XKhaoA)
Office: 500 Technology Dr., #300. Irvine, CA 92618
Work: (626) 269-9098
Cell: (626) 890-0090
Email: jerry.yu@reignfinancialservices.us
Show notes by Podcastologist: Hanz Jimuel Alvarez
Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.
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