Payne Points of Wealth

Payne Points of Wealth


Ep #10: Financial Myths That You Need to Be Aware Of

August 01, 2019

With so much information at our fingertips on a daily basis, we’ve never had more access than we do in 2019. But as you know, not everything your read is correct. In this episode, we bust some of the financial myths that exist before letting you know which financial questions to ask. We’re also joined by Michelle McKinnon for the spotlight segment.To read more on this topic and to see the show notes, click here.----more----We’ve laid out the show in the rundown below to make it easier for you to find the topics you care about most:1:03 – Myth 1: The more a plan weighs, the better it is.2:36 – Ryan shares a client story about sitting down a seeing wealth projections.3:33 – Myth 2: A simple will is enough.3:34 – Myth 3: Your spouse will be fine. She only needs half the amount of income.  6:25 – Bob and Ryan share client stories of couples that recently dealt with these issues.9:49 – What’s a better question to ask than ‘how much money will I need for retirement?’11:24 – Ask a different question than ‘how can I get a higher return on my money?’12:52 – Don’t look for the lowest fees from an advisor. Look for the best value.17:48 – This week’s Spotlight: Michelle McKinnon joins the show to discuss a client that has been fearful of getting back into the market after getting out in 2008-2009 and how the effected retirement.