This week Jim and Cathlyn discuss asset protection, prior to and during retirement. With people living longer in retirement, medical expenses steadily rising, and interest rates at historic lows, protecting one’s nest egg has never been more important. They discuss one the simplest methods of asset protection, which is frequently ignored; diversification of one’s assets. One of the most common mistakes is chasing returns in a hot sector or market. It usually doesn’t end well for investors, and is not a good way to preserve your wealth for the long term. They illustrate the issue of asset protection through the case study of Amar and Leah Singh. The guest this week is Dick Gregerson, president of Janas Consulting. He tells Cathlyn that it’s a great time to sell your business, as there is very much a seller’s market in the private equity sector at present.
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