Steve Selengut

speaker

246 appearances 1 recordings 1 series first heard Jan 2025 last heard Jan 2025

Steve Selengut’s voice in public audio — every appearance, attributed to the second.

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Wealthy After 40: Retirement Planning and Budgeting for Gen X · Ep 95 | Proven Strategies for Financial Independence with Steve Selengut · 24 Jan 2025 podcast

I don't have to play this risk game anymore.

I don't have to try to pick the next Microsoft because I've got plenty of income and I don't have to do that.

So it could be almost anybody.

The majority of my clients are over 50.

I mean, I've had a couple.

I haven't had many all in their 30s for sure or lower.

But in their 40s, yeah, I've had a bunch.

There are a lot of people out there who are really in pretty good financial condition even in their 40s.

Oh, yeah.

I was just going to spit it out there while you were talking.

I was ready to go.

I think the first thing they should do, and this is any of them, whether they have a professional helping them or not, and not saying anything bad about anyone.

It's a direction and it's a

regenerating more than three or 4%, they should start scratching their heads because at that age, they've already heard about the 4% rule.

4% rule is a very, very good rule.

How the financial community helps you do it or get there is really kind of not quite right.

You're expected to sell securities to take your 4%.

And I don't know if the 4% includes their fee or not, but it should.

Okay.

So if your portfolio is generating less than 3% and you're paying 1.5% to a financial advisor, 3% of what you're taking from your portfolio has to be produced by selling stuff.

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