If you are aiming to be a successful investor in the future, it’s critical to overcome certain biases and plan your retirement accordingly to claim those higher investment returns. What are those investor biases? How will they affect your disposition when it comes to financial freedom?This week in the No Payne, No Gain podcast, Bob and I will talk about the four investor biases that could lead you to financial losses and the different levels of desire to retire and how to plan accordingly. As always, we will have this week’s financial propaganda.For our spotlight segment today, we have our financial advisor at Payne Capital Management, Aaron Dessen. He’s going to break a couple’s real retirement plan down for you.Another great show ahead of us, so tune in to the No Payne, No Gain podcast now! How to Overcome Investor BiasesInvestors are not always rational. Most have their limitations when it comes to self-control, which often leads them to make poor financial decisions. What are the top four biases that investors should avoid to secure their retirement?    [01:53] – What is Confirmation bias and why it is a bad thing for investors.[03:35] – The Loss aversion bias and why becoming oversensitive to the risk of loss and then reluctant to take action will lead to disaster.[04:33] – Bob uncovers the trick to overcoming these two biases.[05:56] – The Disposition effect bias: holding on to investments that are past their value and refusing to invest in something you should invest in. How do you overcome this?[06:47] – Hindsight bias: The most important bias that every investor should avoid. Different Levels of Desire to RetireAchieving early retirement is an extraordinary feat. Desiring to retire is one thing, but planning it accordingly is a whole different game plan. Which level of desire are you in and what should you do about it?[13:31] – What’s a good way to form retirement in your mind?[14:35] – Having an income plan in place is critical because you may have a lot of assets but pulling from your assets is a whole different story.[15:18] – “I guess I could retire but they pay me pretty well, and I don't hate it so I might as well keep working.”[16:08] – “I like to retire in a few years, but I have no idea when I really can, we'll find out.”[17:00] – Have investments but understand the risk of those investments. You really do need to know what you own and get to know why you own it.[18:07] – “I want to retire tomorrow. If I don't quit this job right now, they might have to put me into an asylum.” Financial Propaganda of the WeekOccasionally, Bob and I scour the daily financial news and call it the best advice, worst advice the financial media has recently been broadcasting so you can make the best decisions about your planning and investing. Here are our top choices:[22:54] – Bob shares the impact of Coronavirus and how it’s going to impact today’s market.[23:17] – Odds are it’s probably something temporary and trades are still going to continue regardless. It’s not a smart move to just move your money to cash.[24:12] – We're in a bull market where the economy is strong, the unemployment is low, and profits are on the rise. This is not the time to try to find the best spot to get in the market. If you get a correction or sell-off in the market, take advantage of it.[25:01] – If you're a long-term investor, take advantage of the dips and don't be looking at it as a reason to panic because it's probably not a good idea.[25:44] – The bond market is getting a little bit scary. Last week, as the market was going up, investors poured $23.6 billion into fixed income mutual funds and exchange-traded funds.[26:17] – In a bond fund, your money doesn’t come due. The idea of owning bonds is for safety, but it could be a massive problem in the future. The MailbagThis week, Dan Irving answers our listeners’ questions about their finances.[33:39] - Question #1: I'm 60 years old. And I've just been given two options at work. I can keep working