10 Tips for Current Retirees – Tip 2- Recognize Your Investor Bias

Wealth Advisor

In this video, Jamison Smith, wealth advisor at EWA, discusses the importance of recognizing your biases as an investor, especially during market volatility. He highlights the common urge to pull out investments when markets are down, which is typically counterproductive. Jamison emphasizes the need for a trusted advisor to guide retirees not only financially but also psychologically, ensuring they make informed decisions and avoid potentially damaging knee-jerk reactions to market fluctuations.

Video Transcript

In this video, Jamison Smith, a wealth advisor at EWA, discusses the importance of recognizing your biases as an investor, especially during market volatility. He highlights the common urge to pull out investments when markets are down, which is typically counterproductive. Jamison emphasizes the need for a trusted advisor to guide retirees not only financially but also psychologically, ensuring they make informed decisions and avoid potentially damaging knee-jerk reactions to market fluctuations.

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Playlist

10 Tips for Current Retirees

10 Tips for Current Retirees - Tip 1- Have a Team of Trusted Advisors
10 Tips for Current Retirees - Tip 3- Be Aware of Annuities
10 Tips for Current Retirees - Tip 4- Have a Game Plan for Long Term Care
10 Tips for Current Retirees - Tip 5- Track Monthly Spending
10 Tips for Current Retirees - Tip 6- Don't Base Investment Allocation on Your Age
10 Tips for Current Retirees - Tip 7- Consider How You Will Spend Your Time
10 Tips for Current Retirees - Tip 8- Have a 7 Year Spending Back Up
10 Tips for Current Retirees - Tip 9- Have a Game Plan Around Social Security
10 Tips for Current Retirees - Tip 10- Plan Your Travel

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