The Retirement Income Coach Steve Selengut is the retirement income coach. He has a different approach to retirement income, so if you are nearing that age, listen up! Summary of the Podcast Retirement income coach Steve, Kevin, and Graham discuss retirement planning and investment strategies. Steve shares his approach of focusing on generating consistent income from a diversified portfolio of high-quality income-producing securities, rather than chasing market growth. He explains the benefits of this approach, including being able to sleep well at night regardless of market fluctuations. Closed-end funds as investment vehicles Steve describes his use of closed-end funds as the core of his retirement income strategy. He highlights their advantages, such as consistent dividend payments, diversification, and professional management. Then he discusses how he vets and selects the funds to build a portfolio tailored to his clients' needs. Profit-taking and reinvestment Steve emphasises the importance of regularly taking profits on investments that have appreciated. This is rather than holding on in hopes of further gains. He explains how this allows him to reinvest at lower prices and grow his income stream over time. It's a strategy that has provided a more stable and reliable source of retirement funds. Challenges with traditional financial advice Steve critiques the traditional investment advice model That's where financial advisors are incentivised to grow assets under management rather than focus on generating consistent income. He contrasts this with his approach of prioritising income and profit-taking to better serve his clients' retirement needs. Retirement income coaching business Steve discusses his transition from managing money for clients to now coaching and mentoring other financial professionals on his income-focused investment approach. He explains how he helps them implement his strategies and provide similar services to their own clients. Potential impact on homelessness When asked about what change he would like to make in the world, Steve expresses a desire to see an end to homelessness. If he could he would use his wealth and influence to address this issue if he had the means to do so. Recap and next steps The hosts, Graham and Kevin, summarise the key insights from the discussion and express their interest in learning more about Steve's retirement income strategies. Kevin wanted to get his book "Retirement Money Secrets." Clips from the Podcast The Whole Thing https://thenext100days.org/wp-content/uploads/2024/10/Steve-Selengut-The-Whole-Thing.mp4 Designed Portfolios https://thenext100days.org/wp-content/uploads/2024/10/Steve-Selengut-Portfolio-Design.mp4 Take Profits https://thenext100days.org/wp-content/uploads/2024/10/Steve-Selengut-Take-Profits.mp4 Testimonial https://thenext100days.org/wp-content/uploads/2024/10/Steve-Selengut-Testimonial-1.mp4 The Next 100 Days Podcast Co-Hosts Graham Arrowsmith Graham founded Finely Fettled ten years ago to help business owners and marketers market to affluent and high-net-worth customers. MicroMailings is his new low risk, done for you marketing solution for companies seeking high net worth leads. He is also founder of MicroYES, a Partner for MeclabsAI, which combines the world's biggest source of 10,000 marketing experiments with AI. Find Graham on LinkedIn. Kevin Appleby Kevin specialises in finance transformation and implementing business change. He's the COO of GrowCFO, which provides both community and CPD-accredited training designed to grow the next generation of finance leaders. You can find Kevin on LinkedIn and at kevinappleby.com
