Busting the Biggest Financial Myths – Part 1

In this series, we’ll look at some of the most widely believed financial myths and try to bust them wide open. There are many people that base their decisions on these myths and that’s scary. We want to make sure you aren’t making any mistakes based on misinformation.

Click here to see the full show notes.

Today's rundown:

2:03 – What’s in store on today’s episode.

2:39 – Quote of the month: “I made money the old fashioned way, I very was nice to a wealthy relative right before he died.”

4:20 – In the news headline: Uber Eats running a test program where they will use drone delivery.  

9:53 – Time to start the financial myth-busting series.   

10:44 – Myth 1: Shifting from stocks to bonds removes the volatility from your portfolio.

13:48 – Myth 2: Once you’re retired, life insurance is no longer necessary.   

16:35 – Myth 3: You will need less income once you retire.  

20:25 – Getting to know J’Neanne: Who is someone that always makes you laugh?

20:07 – Mailbag question: What kind of annual return should I be seeking on investments in retirement?