345: Busting 9 Retirement Myths
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 10 February 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
This week's retirement reading is from the Humble Dollar titled, Nine Retirement Myths. Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting Howardbailey.com/345.
Show Notes: Howardbailey.com/345
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Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading
Transcript
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| 0:00.0 | If you're like many people today, you're struggling with all of the things that are being pushed |
| 0:05.9 | towards you by social media, the financial media. You're trying to figure out what's real, what is it, |
| 0:12.3 | what's a myth, what's truth. You want to understand, well, how much do I need to retire? Is social |
| 0:18.0 | security still going to be there? Or our tax is going to go up in the future? |
| 0:21.5 | How much do I actually have to save in order to create X amount of income? How much my pre-retirement income do I have to have when I actually step into retirement? You hear these rules of thumb. You hear these weird things that people say from time to time. And you want to know what's real, what's true. Well, that's what we're here to help you with today. We're going to do some myth busting today. |
| 0:40.9 | Woo. from time to time. And you want to know what's real, what's true. Well, that's what we're here to help you with today. We're going to do some myth busting today, to bust through some myths, |
| 0:42.8 | and help you create a more solid and stable idea of what retirement is going to look like for you |
| 0:49.9 | and help you make better financial planning decisions. |
| 1:01.0 | Yeah. and help you make better financial planning decisions. Today's topic, nine retirement myths. |
| 1:05.3 | And this is Casey Weed here, hosts the Retire with Purpose podcast. |
| 1:09.2 | And I am here with my good friend and co-host for |
| 1:12.4 | these Friday editions of the podcast. I have Marshall Johnson joining me today. |
| 1:16.5 | Hey, hey, hey. So what is that? So every Friday we do this. Every Friday, if you're new to the |
| 1:20.7 | podcast, we do a short form podcast. We're going to talk about a trending topic that comes typically from our weekend reading for retirees email series. |
| 1:30.1 | So every Friday, we're going to have a conversation like this, keeping you up to date, the latest trends in retirement. |
| 1:35.9 | And then every other week we get to do another one of my favorite things where we release a long form interview that we've conducted with one of our world-class guests. |
| 1:46.3 | So we're going to be talking about a weekend reading article here today, and you have to get |
| 1:50.9 | this email. Every single Friday, our team throughout the week has sifted through hundreds of |
| 1:57.5 | articles, and then we've distilled all those trending articles down to four |
| 2:02.3 | articles that we want to put in your inbox so that you know that you're paying attention to the |
| 2:07.2 | most important things in that given week, investment planning, estate planning, tax planning, |
| 2:11.6 | the non-financial side of financial planning and retirement planning as well, along with |
... |
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