Money Life With Chuck Jaffe Daily Podcast
River Wealth's O'Gorman: 'Time to take advantage of what the market's offering you'
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 1:01:13
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Synopsis
Ed O'Gorman, chief executive and chief investment officer at River Wealth Advisors, says that despite headline risks, investors need to "participate, without being overexposed" to market forces, balancing risks and approaches. He notes that recent action indicates that the market is broadening out, highlighting that an equal-weighted approach recently has delivered better results and lower returns, a sign that it's a good time to diversify and rebalance portfolios into the face of the news cycle. Bob Powell, retirement columnist at TheStreet.com and the co-founder of FinStream TV, dives into new research showing that household spending tends to decline modestly over the course of retirement, typically by small annual amounts that turn into big money over the decades of retirement. He has created a "Retirement Reality Check" that lets investors see for themselves how spending reductions -- the standard pattern, even if not conventional wisdom -- change the trajectories of retirement savings and spending. With