Ep 8: Social Security Myths, Rebalancing, and Answering Your Questions

Wealth & Wisdom with Michael Loftus

Have you ever wondered if the Social Security system will run out of money before you retire? Or if claiming benefits as soon as you're eligible is the best decision for your financial future? In this episode, we'll be debunking common myths about Social Security and answering the questions you've been curious about.

Plus, we’ll tackle rebalancing a portfolio. Most people will tell you to buy and hold but that’s not a philosophy we always follow and we’ll explain why. It’s important to take profits and re-evaluate your investments as needed.
We’ll also close out this episode by taking a few of your questions on inflation, investment options, and REITs.

Here’s some of what we’ll cover on this show:

• Quote of the month on groceries and perfume. (0:48)
• When and how to rebalance a portfolio. (1:23)
• Top Social Security myths of 2023. (3:44)
• Mailbag question on protecting money during high inflation. (8:00)
• Investment options outside of the 401(k) (9:12)
• Mailbag question about cashing out a REIT. (10:29)

LEARN MORE:

Recent educational videos on YouTube: https://bit.ly/3CMiRbt
Schedule a meeting with Michael: https://lwsde.com/schedule-a-meeting/
Visit Michael's website for more resources: https://lwsde.com/
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