💰Invest wisely in the stock market rather than buying gold.
🏥Consider long-term care insurance if you are over 60.
🏘️Avoid investing in real estate through platforms like Fundrise.
💸Use AARP membership discounts wisely, considering the benefits and costs.
📝Get a financial adviser to help you create a solid financial plan.
Should I invest in gold to safeguard my assets?
—No, historical data shows that the stock market outperforms gold in the long run.
Is it necessary to get long-term care insurance?
—If you are over 60 years old, it is a good idea to consider long-term care insurance.
Is investing in real estate through platforms like Fundrise a good idea?
—No, it is better to pay off your primary home and invest in rental properties with cash.
Are AARP membership discounts worth it?
—It depends on your specific needs and whether the savings outweigh the membership costs.
Do I need a financial adviser?
—If someone depends on your income and you're ready to invest, a financial adviser can help you create a solid plan.
00:00Having $100,000 in savings is a significant milestone, but it's important to make the right financial decisions with that money.
02:10Investing in gold is not recommended as historical data shows that the stock market performs better.
03:32Consider long-term care insurance if you are over 60, as most claims are filed by people older than 70.
05:28Avoid investing in real estate through platforms like Fundrise due to additional fees and lack of liquidity.
07:05AARP membership discounts can be beneficial, but you should ensure that the savings justify the membership costs.
08:21Getting a financial adviser can help you create a solid financial plan and ensure you're on the right track.
