3. They Keep Investing in Retirement
A common mistake is going ultra-conservative the moment retirement starts. Rich retirees don’t do that. They keep a portion of their assets invested for growth, balancing risk with a cash cushion for near-term needs. That way, their money continues to work for them instead of sitting idle.
Takeaway: Talk with a financial advisor about keeping part of your portfolio growth-oriented, even in retirement. Inflation doesn’t stop at 65 — neither should your investment plan.
4. They Diversify Everything
The wealthy know better than to put all their eggs in one basket. Their income might come from Social Security, investments, real estate, part-time consulting, or even business ventures. Diversification protects them from being derailed by one bad market year.
Takeaway: Look at your own income streams. Can you add variety — maybe a small side hustle, rental property, or even dividend-paying stocks? Spreading out risk is a form of security.
