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Welcome to this session of grand rounds, a collection of posts I have found in the blogosphere that I found of interest and hope you do too.
Guest post extraordinaire, Gasem, has already eloquently described in this blog several methods of helping your portfolio’s survivability when facing the dreaded sequence of return risk using “portfolio insurance” and “the lifeboat“.
Michael, from Financially Alert, gives another potential way (a method which I personally am using) to protect your portfolio in the post, “How To Mitigate Sequence Risk With Real Estate.”
Generating passive income can certainly help your portfolio survive during market downturns as you can rely on this money to create a base income floor to live off of before needing to sell equities and lock in the losses.
Before you jump aboard the passive income train, bear in mind potential pitfalls including the ones listed in, “7 Myths About Passive Income You Can’t Afford To Believe.”
Real estate has started to become a major component of my passive income machine.
I have invested on a crowdfunding platform before (RealtyShares) and have had great experiences (although now I am solely concentrating on real estate through private syndication).
As these crowdfunding platforms gain in popularity and start to go mainstream there is potential for problems that can precipitate a downfall.
Dr. Linus, of Dads Making Cents, warns us of this very scenario in his post titled, “Storm Brewing in Crowdfunded Real Estate?”
Some of my lucky readers may have qualified for, or are currently drawing, a pension (a retirement vehicle that is becoming mythical in its rarity as the corporate world has been shifting the burden of retirement investing on to the individual, namely by replacing pensions with the 401k).
However even pensions are not entirely without risk and it is wise to have backup passive income streams/retirement funds to hedge your bets.
In, “The Pension Crisis Is Worse Than You Think,” several key points are made that can stress many large pension funds to the brink of collapse, with many state and local pension funds soon to be woefully underfunded.
The Health Savings Account (HSA), which, if used correctly, can be the best retirement vehicle available with a “triple tax advantage” (contributions, growth, and withdrawals are not taxed if used for medical expenses).
However even this “stealth IRA” is not completely free of problems with an unintended side effect.
Our Next Life shines a light on this darker side of HSAs with, “The Problem With The HSA (Health Savings Account) Isn’t The HSA.”
And last, but certainly not least, Ryan Inman of Financial Residency has been making a name for himself in podcasts and has been gaining a ton of traction (ranked in the top 75 for all investing podcasts on iTunes) and it is easy to see why.
As someone who was interviewed on a podcast a few months ago, I will tell you it is no easy task to come across as smooth and professional as Ryan makes it
In Stretch Your Stash! How to Make Your Money Go Further Ryan and his guest Joe Saul-Sehy (of Stacking Benjamins fame) give some great tips that physicians can employ to get the most bang for their buck.
I am particularly drawn to this particular podcast because one my posts was selected in the inaugural Journal Club segment of Ryan’s podcast.
I truly am honored for this distinction.
So please do yourself a favor and check it out.
Your wallet will thank you.
Well I hope you found these posts and help guide you on your path to financial independence and retirement.
Have a great weekend.
(and please don’t forget to subscribe to my blog. I get great satisfaction knowing that this blog is entertaining/informative enough for you to invite me into your inbox).
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