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 the featured times below to jump forward in the episode)
Whether it’s because of misinformation or changes over time, investors often get led in the wrong direction based on financial myths. There are many of them floating around and they can be a detriment to your retirement planning.
On this episode of Your Financial Mission, we’ll begin a two-part series where we’ll bust these financial myths wide open by providing the correct information you need. Part one will focus on stocks and bonds, life insurance, and retirement income. There are commonly-held held beliefs involving each of these that you have likely heard about and we want to explain why they’re wrong.
Along with our main topic, we will discuss a quote of the month, a news headline involving drone deliver, get to know J’Neanne a little better, and answer a mailbag question about investment returns.
It’s a full show and we’ve provided a rundown below. Click the timestamps to skip around and listen to specific topics.
[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?
The Grand Plan:
The Spy Kit:
Click the image to get a free retirement rescue toolkit.