S1E55: Debunking the 5 Biggest Myths In Retirement Planning
The John Chapman Show Podcast
English - August 25, 2020 23:31 - 14 minutes - 13.3 MB - ★★★★★ - 4 ratingsBusiness investing health entrepreneur business passive investing cashflow tax rentals syndications apartments Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
John talks some of the most common myths that investors have when it comes to working with a financial advisor and managing a retirement plan.
During this episode, John talks about the 5 biggest myths, including:
1) A financial advisor will help me pick stocks to beat the market
2) I need to invest in dividend stocks so I can spend the dividends and keep the principal
3) My tax rate will be lower in retirement
4) I can easily self-insure for a long term care event
5) My situation is simple and doesn't require estate planning
In the end, John talks about his frame of reference on these topics, having worked with hundreds of clients of the past decade, and hopefully sheds light on these issues so you can think about them in a new way.
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