Ep 34: How to Avoid Getting Lost in the Financial World

Phil's Tax Hacks

English - April 09, 2020 08:00 - 22 minutes - 30.2 MB - ★★★★★ - 4 ratings
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Previous Episode: Ep 33: Coronavirus Update - CARES Act and Taxes

Next Episode: Ep 35: Should You Take Money Out of Retirement Accounts While It's Penalty-Free?

Retirement planning and financial goals can be tricky to navigate. Instead of getting lost and going down the wrong path, here’s what to look out for and how to head in the right direction in the financial world.

Read more and get additional resources here: https://philstaxhacks.com/podcast/ep-34-how-to-avoid-getting-lost-in-the-financial-world/

Today's rundown:

2:31 - In the News: What’s happening with COVID-19?

8:09 - What are the reasons people get lost in the financial world?

8:23 - Bad tools can make finances difficult to understand.

9:57 - Bad directions and bad advice can steer you in the wrong direction.

11:32 - Not paying attention can get you in trouble.

13:46 - What can you do to get back on track?

15:04 - Do you know where you want to go with retirement?

19:19 - Mailbag: How much long-term coverage is recommended?