Learn From My Retirement Failure
In this video, Mike explains the huge mistake that led to his grandparents retirement plan to fail.
Watch this week's episode of Mike on Money: Learn From My Retirement Failure
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00:02:18:15 - 00:02:40:20
Mike
Like if you were doing it today, it might be Coca Cola. We all know who Coca Cola is and blue chip company paying a big dividend. College is a goal. Let's grow our money and we're going to use dividend paying stocks to get there. Very straightforward. And by the way, as a certified financial planning professional, I have to tell you, I've got no problem with that.
00:02:40:22 - 00:03:04:28
Mike
When my grandparents retired a few years later, guess what? Boom, boom, boom. They got the college. They got it big. I mean, it worked. Everything worked. It was awesome. And then one day my parents said to us children, they said, you know, I'm the oldest of four. They said, Come on, kids. Time to get in the car. We're going up north to the cottage for the last time.