Payne Points of Wealth

Payne Points of Wealth


Ep 32: Retirement Mythbusters

January 02, 2020

It’s never been easier to get information but that’s not always a good thing. With so many sources to filter out, you’re bound to find financial information that’s misleading, only a half-truth, or completely inaccurate altogether. Today we’re going to bust the most commonly-held retirement myths. Show notes and additional resources: http://bebullish.com  Today's rundown: 0:32 – There are plenty of financial falsehoods out there. Let’s start with the idea that shifting money into the bond market will definitely reduce risk.2:14 – Another is myth is thinking you’ll need less income when you retire.4:14 – The most critical analysis we do is the income analysis and here’s why.5:32 – A lot of us think we’ll automatically be in a lower tax bracket in retirement but that’s not true.6:54 – With all the technology and info available, people might think planning can be easy to do on your own.8:33 – Spotlight Segment: Financial Advisor Chris Payne joins the show.9:18 – Chris shares the case he worked on recently where the client wanted to change their risk exposure.  13:22 – Not only did we reduce risk but also increased cash flow by over $100K each year.