I previously mentioned the retirement death spiral.
Retirement income often doesn’t keep up with expenses, so your only option is to sell off investments.
But every investment you sell reduces your future income until, eventually, there’s nothing left to sell.
So how do the ultra-wealthy—and places like Harvard and Yale—avoid the retirement death spiral?
First, let’s take a step back.
Before there were stocks and bonds, there were businesses, buildings, farms, and private loans.
These are productive assets.
Assets that produce something.
And the reason stocks were created was to give everyday investors access to those productive assets.
But somewhere along the way, investing became more about owning ticker symbols than owning productive assets.
The real value isn’t the ticker symbol.
The real value is owning a piece of a productive asset.
Today, productive assets include things like multi-family apartment complexes, data centers, energy production, and private lending.
Assets that continue producing regardless of what the stock market does.
Historically, investing in many of these productive assets has been limited to private investors, the ultra-wealthy, and institutions like Harvard and Yale.
And it’s generally not something the typical big-box investment firm can offer its clients. Way too complicated to sell to “the masses”.
That’s part of the reason I started Jones Fiduciary Wealth Management.
To give clients access to productive assets—not just ticker symbols.
If you’d like to learn more now, you can download The Retirement Income Problem: A Return to What Works HERE