Worst advise you will ever get is from a financial advisor.
Or from Internet forum members who have no clue.
oh, i have a clue.
was a financial advisor for about 40 years. with biden evidently winning, i said no more. so i can admit to it now.
one of my better clients for almost the whole 40 years was a carpenter/wife xray technician. use to tell them they had more money
than the doctor she worked for. i had worked at the bank he did business with, the cars, exwives, it adds up.
they never owed money, owned their own home, didn't take 747 's to europe for vacation, completely average in income and means.
except slow and stead, 7figure retirement account, they still are not spending.
compound interest, low key investments does the trick.
and not chasing high yield, which is there for a reason.
one of my many many lessons. early 80's high rates started screaming down on certificates. people started buying h igh yield bond funds for the yield. didn't realize that net asset value wasn't stable. couple of years later funds were half original value.
it's better if needed to spent y our own capital if you have accumulated it, then have the markets do it for you.
