Why and How to Invest in the Accumulation Phase of Retirement Planning (Complete Guide)

If you're in your 20s, 30s, or 40, you're likely in the accumulation phase of your retirement journey. In order to invest wisely during this time, it's important to know how investing works, what the proper investment strategies are, and the practical steps you can take to build your wealth, all of which we discuss in this video.

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Timestamps:
00:00 What is the accumulation phase?
00:37 Why you should invest
02:20 The Rule of 72
03:53 How to invest/What to invest in
05:28 What do you do when the market is down?
06:41 The importance of diversification
08:06 How to diversify
10:04 Investment options from a tax perspective
11:33 How to build a financial plan - cash management, wealth management, risk management
13:12 1. 401k match, pay off debt, term life insurance
15:36 2. Emergency fund
16:15 3. Health Savings Account (HSA)
16:54 4. Roth IRA
18:52 5. Max 401k
19:43 6. Roth conversions
20:33 7. Non-Qualified Investment
21:08 8. Cash Value Life Insurance

Disclaimer: Since we do not know your specific situation, none of this information can serve as tax, legal, financial, insurance, or financial advice, and may be outdated or inaccurate. The information comes from sources believed to be reliable but cannot be guaranteed. This content is prepared for educational purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Peak Retirement Planning, Inc. is an Ohio based registered investment adviser and able to offer advisory services in Ohio and in other states where registered or exempt from registration.