Send us a textUnlocking Retirement Security with Steve Selengut: Income Independence StrategiesIn this episode of the Merging Life and Money Show, host Marie-Jo Caesar welcomes special guest Steve Selengut, a bestselling author and investment advisor with over 40 years of experience. Steve shares his unique approach to retirement planning, focusing on generating reliable income without selling investments—a strategy effective in both rising and falling markets. The discussion covers essential topics such as the concept of income independence, risk minimizers, portfolio management, and the critical importance of diversification. Steve also compares portfolio management to running a department store, emphasizing the need for quality, diversification, and profit-taking. This episode provides valuable insights for anyone aiming to achieve financial security and peace of mind in retirement.3 Main Points ✅ Income Independence Focus: Steve Selengut highlights the importance of generating a steady income stream for retirement, ensuring financial security despite market changes, rather than solely accumulating wealth ✅ Four Financial Risk Minimizers: Steve identifies four key strategies to reduce financial risk—quality, diversification, income, and profit-taking—essential for protecting investments and maintaining stability, especially for retirees. ✅ The Department Store Analogy: Steve likens portfolio management to a department store, emphasizing the importance of diversification and inventory management to spread risk and consistently secure profits. 🕒 KEY MOMENTS IN THIS EPISODE  00:00 – Special Guest Introduction01:59 - Income Independence vs Wealth Accumulation07:58 - The 4 Great Financial Risk Minimizers17:40 - Implementing Risk Minimizers for Average Investors20:54 - Risk Minimizers Across Different Life Stages23:31 - Adjusting Financial Thinking in Today's Economy25:21 - The Department Store Analogy27:30 - Inventory Management Strategies30:50 - Restocking Techniques32:40 - Importance of Diversification35:00 - Tenant Selection Best Practices41:54 - Achieving Income Independence47:10 - Understanding the 4% Rule52:30 - Steps to Achieve Income IndependenceSupport the showConnect with me:Instagram: https://www.instagram.com/the_financiologist_mjcaesar/Facebook: https://www.facebook.com/merginglifeandmoneyYouTube: https://www.youtube.com/channel/UCDOmx_ThReq0hAC3acvMQ9gTwitter: https://www.twitter.com/https://twitter.com/mariejocaesarLinkedIn: https://www.linkedin.com/in/mjcaesarClick this link https://mariejocaesar.com/fp-quiz to take the "What's Your Financial Personality Type” Quiz, so you can transform your financial identity and create Financial Freedom. Click this link: https://mariejocaesar.com/consult to book a FREE consultation now! Let's map out your path to financial wellness together. Your future self will thank you.

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