Today’s Hack:
Ever hear something that caused to you ask, “Is that really true?” There are common myths that float around all the time, so what myths are there when it comes to retirement planning?
Click the timestamps below to jump ahead in the episode…
Other Retirement Facts:
Inspired by the TV show, we will bust some of the possible myths that float around in the financial world to find out if they are myths or if they are actually plausible. You might be surprised to find out which is which!
How do you minimize volatility in your portfolio, is it by moving stocks to bonds like some say? Will that give you the security that you need or is that a myth? What about life insurance, is that something you really need in retirement?
Then, let’s consider your retirement income. Will you need less than when you were working, the same amount, or even more? Along with that, will your tax bracket go down in retirement?
But first, Phil shares about upcoming financial classes and discusses the latest in the news as well as answering a question from the mailbag. What do you think of the student loan forgiveness plans being suggested by our senators?
Listen to the full episode or click on the timestamps below to see which ones are mythbusted by Phil.
0:53 – School is back and AFS Wealth Management is hosting classes on taxes in retirement.
2:02 – The market seems stable right now, but is volatility ahead?
3:40 – In the News: Bernie Sanders wants to forgive student loan debt, and Elizabeth Warren has a school loan forgiveness plan as well. Is this a good idea or bad idea?
6:26 – Mailbag: In retirement and needing income, should you invest primarily in dividend-paying stocks?
9:22 – Myth or Plausible: Shifting from stocks to bonds removes volatility from your portfolio.
10:35 – Myth or Plausible: Once you retire, you no longer need life insurance.
12:04 – Myth or Plausible: You will need less income when you retire than when you are working.
13:46 – Myth or Plausible: You will be in a lower tax bracket when you retire.
15:47 – Getting to Know You: If money and time were not a factor, what hobby would you get into?
A Quotable Moment:
Subscribe To The Podcast:
Additional Resources:
- Phone: 248.888.7530
- Email: pputney@afswealthmgt.com
- Schedule A Visit With Phil
