Busting the Biggest Financial Myths – Part 2
Manage episode 343300626 series 3402746
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.
Today's rundown:
2:14 – Introducing the topics for today’s show.
2:37 – In the news: Democratic presidential nominees proposing plans to forgive student loan debt. J’Neanne gives us her opinion and shares a solution she thinks could work.
9:11 – Time to continue the financial myth-busting series.
9:31 – Recapping the myths we covered in part 1.
9:50 – Myth: You’ll probably be in a lower tax bracket when you retire.
11:49 – Myth: Financial planning is much easier without an advisor now because of all the technology available.
13:39 – J’Neanne shares a great example of why you need someone that can provide context.
14:42 – Myth: Longterm care is not going to happen to me.
18:42 – Getting to know J’Neanne: If you didn’t have to sleep, what would you do with all that spare time?
20:35 – Mailbag question: I’ve seen a lot of growth in my 401k recently and I feel like I should take risk off the table by capturing these gains. But what happens if the market keeps rolling for a couple more years?
Check out the full show notes and get additional information by clicking here.
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