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.
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