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Jun 2, 2020

Playing catch up” with your investments is a term used to describe the idea of taking on more risk, rather than less, in the five years leading up to retirement. Many investors do this, especially during bull markets.It’s somewhat understandable. We all want to retire on the biggest pile of money we can, and many advisors actually TELL their clients that they “NEED” to take on more risk in order to catch up. That may or may NOT be good advice.  Back in the old days, it was very common for people to get completely out of the market at retirement, shifting all of their money into bonds, bank accounts, and annuities. Today,  investors are hungry for yield and have been buying up an investment issued by banks like UBS known as a leveraged Exchange Traded Note, or ETN, with some paying as high as EIGHTEEN percent! Today, we'll review a Wall Street Journal report about two engineers who thought they were doing quite well--until the pandemic came along. It might shock you.  A great show for you today, MASTERING MONEY is on the air!!