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Owning multiple mutual funds doesn’t mean you have a diversified retirement plan, and for many retirees, it can create surprises they never saw coming.
In this episode, Josh Leonard sits down with Leonard Advisory Group CFP® Peter Belcastro to unpack the five common problems they see with mutual funds, especially for people nearing or living in retirement. While mutual funds can be a great starting point for investing, Josh and Pete explain why they may not always fit a complete retirement strategy.
Josh and Pete discuss:
- Why diversification inside mutual funds can sometimes be an illusion
- How overlapping investments may increase risk without people realizing it
- The hidden tax consequences of mutual funds, including “phantom gains.”
- Why investment tools should support a retirement plan, not replace one
- And more!
Resources:
Connect with Josh Leonard:
- jleonard@leonardadvisorygroup.com
- LinkedIn: Josh Leonard
- Leonard Advisory Group
- 412-998-PLAN
- YouTube: Leonard Advisory Group
- Facebook: Leonard Advisory Group
Connect with Pete Belcastro:
About our Guest: Pete Belcastro is a CERTIFIED FINANCIAL PLANNER professional at Leonard Advisory Group. In addition to helping clients build intentional retirement plans, Pete brings deep experience in the mutual fund and investment management space. In this episode, he joins Josh Leonard to break down common misconceptions around diversification, taxes, and investment strategy, helping listeners better understand how their investments fit into a broader retirement plan.
