In this episode your hosts Kim Butler and co-host No B.S. Money Guy Todd Strobel answer another listener question. They take on a case study of a 70 year old with $1.5 million in the stock market and talk about beating inflation.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@ProsperityThinkers.com and we may answer it in an upcoming episode.
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00:58 Today’s topic: Case Study of a 70 Year Old With $1.5 Million In The Stock Market
02:42 Why the stock market isn’t a good choice as your emergency opportunity liquid account, growth account or income account
03:52 First thing is to divide the money up and create an emergency opportunity fund
05:45 Strategy for passing money to the next generation without tax implications
07:23 Ideas for getting more monthly income
09:39 In this case study the number one long term problem is beating inflation
11:10 A million dollars is not a million dollar anymore
12:00 Longevity is another challenge because money didn’t have to last as long when we died at age 65