Financial Choices Matter

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Even Responsible Savers Make Mistakes

Even for people who have been very responsible with their money over the years, entering retirement can
still be a challenge because it’s such a different stage of life. Let’s talk about some of the missteps that
even responsible savers can make…

Show Notes:

1:16 - In The News: Wedding Loans

3:53 - Even Responsible Savers Make Mistakes

4:24 - Mistake #1: Don't Get Too Enamored With Cash

5:57 - Mistake #2: Don't Take Too Much Risk

7:27 - Mistake #3: Don't Forget About The Tax Time Bomb

9:09 - Mistake #4: Live A Little

11:06 - Mailbag Question from Raymond: "I haven't paid much into Social Security..."

 

 

 

Busting The Biggest Financial Myths

Today’s episode is simple. We’ll look at some of the most widely believed financial myths and try to bust them wide open. The scary thing is that a lot of people base their financial plans on some of these myths.

Show Notes:

2:17 Helping clients understand how their financial jigsaw puzzle fits together

5:58 Myth 1: Shifting from stocks to bonds removes the volatility from your portfolio

7:32 Myth 2: Once you've retired, life insurance is no longer necessary

9:12 Myth 3: You will need less income when you retire than you do when you're working

10: 26 Myth 4: You will probably be in a lower tax bracket when you retire

11:43 Myth 5: Financial planning is much easier to do without professional help because of all of the technology that is now available

13:40 Email Question: Investing in oil wells