The post-Coronavirus world is a new world we’re entering. That doesn’t mean you don’t need to plan for your retirement anymore. But there are some things you need to be wary of.What are the most dangerous words in investing you should avoid during the current market crash? Bob and I talk about that today including the steps to planning your post-Coronavirus retirement plan.For our spotlight segment, Payne Capital Financial Advisor, Jennifer Angell tells us about helping a couple who never ran a financial plan by increasing their income to over $50,000 a year.What else are you waiting for? It’s time to plan, so don’t miss this episode on the No Payne, No Gain podcast! Financial Propaganda of the Week There’s so much going on in the financial media, and we want to make sure you’re making good financial decisions. Like sponges, we read everything. Here is the news we’ve heard.[04:13] – Billionaire fund managers do the exact opposite of what they tell you to do. They’re not helping you, but using you instead for their own benefit.[06:08] – Things are going to cost more in the future and at a rapid pace because of the inflation we’ll be seeing as a result of our government printing a lot of money.[06:56] – According to economist Jeremy Siegel, the big bull market is coming to an end, and we won’t see rates as low again.[07:21] – Don’t get bond funds. The economy will bounce back. When that happens and interest rates go up, bond prices go down.[08:27] – Invest in your portfolio based on the future and not what’s happening today.[09:57] – The post-Coronavirus strategy is going to be different from what we did the last 10 years.  The 4 Most Dangerous Words in InvestingThe entire economy is at a standstill. We’ve just had the fastest market crash in history. In the famous words of investor and philanthropist Sir John Templeton, “This time is different.” [14:02] – We’ve had declines before, some bigger than now. But we’ve also had speedy recoveries.[14:41] – The economy and the market do not have a one-to-one correlation. Economic news is backward looking while the market is forward looking. [14:59] –  We’re actually seeing things get better now.[15:26] – If we look at your entire lifetime, the economy has grown despite taking some temporary hits. [15:56] – People have always been resourceful and adapted to the new world. [16:31] – The Federal Reserve stepped in during our previous declines, and the Feds are doing it again to create a cushion for us to get to the other side when the economy and ingenuity kicks in.[17:37] – In 1-2 years, we might be back to some sort of normalcy. You will still need your retirement plan then. Making decisions today will either have a positive or negative impact on your future.[18:38] – Getting 1-1.5% on your money market fund won’t be enough to hit your long-term goals in retirement. You need to put yourself in a position to win. Retool Your Post-Coronavirus PortfolioLike it or not, we’re entering the post-Coronavirus world. So old assumptions about retirement planning are going to be out-of-date. It’s time to tweak your portfolio to make sure that you’re still on track to hit your retirement goals. We’ll go over how you do that here. [23:36] – Your plan should be customized to you based on your family and financial goals. [24:01] – The first step is to have an income plan in place. It’s critical to figure out how you can get 100% of the income you need today in retirement. [24:33] – With really low interest rates in bonds, certificates of deposits, and savings accounts, what you earn won’t be enough to live off your portfolio.[25:19] – You need to build a diversified portfolio right now that can generate a lot of current income to cover your expenses.[25:43] – An analysis is key to figure out what’s the perfect portfolio for you. [26:02] – The next step is to do a reallocation as you most likely need more income and more growth.[26:55] – Make sure you have an inflation hedge or cost of living hedge in y