Ep #2: 5 Financial Myths That Need to Be Busted

When it comes to retirement planning, there are some widely believed financials myths that you’ve likely heard. Today we’ll look at some of those 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. Don’t be like that.

2:22 – Getting to know Mike: Who is somebody that always makes you laugh?  

4:25 – Beginning our discussion on the biggest financial myths.   

4:49 – Myth 1: Shifting from stocks to bonds removes the volatility.

6:42 – Myth 2: Once you’re retired, life insurance is no longer necessary.   

7:43 – Myth 3: You’ll need less income in retirement than when you’re working.   

9:43 – Myth 4: You will be in a lower tax bracket once you retire.

10:55 – Myth 5: Financial planning today is easy to do by yourself now because there’s so much info available.

13:08 – One final myth that Mike hears a lot.

15:17 – Some people are so hard on themselves when planning for retirement.

 

Get show notes and additional resources here: https://principalpreservationservices.com/5-financial-myths-that-need-to-be-busted/