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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!

Steven Selengut, The Retirement Income Coach

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

Designed Portfolios

Take Profits

 

Testimonial

The Next 100 Days Podcast Co-Hosts

Graham Arrowsmith

Graham Arrowsmith, Headshot, Co-host, The Next 100 Days Podcast, v2

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 Appleby, Headshot, Co-host, The Next 100 Days Podcast, V2

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