Setting the Record Straight on Clickbait vs Reality: EDU #2510

The Retirement and IRA Show

Jim Saulnier, CFP® & Chris Stein, CFP®

Business, Investing

4.3 • 729 Ratings

🗓️ 5 March 2025

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chris’s Summary:
Jim is at yet another industry conference, so Jake is stepping in to join me this week. We pick up where Jim and I left off last time, discussing misleading financial articles. This time, we take a critical look at an article from Moneywise that claims to lay out the “standard” order for withdrawing retirement funds—but seems more focused on promoting paid links than providing useful advice. We break down why a one-size-fits-all withdrawal strategy doesn’t work, how tax planning should drive these decisions, and why you should always approach articles like this with skepticism.

Jim’s “Pithy” Summary (Even Though He’s Not in This One):
Well, I wasn’t on this episode because—surprise, surprise—I was off at an industry conference (again!), this time hunting for the next great fintech tool to help our office and clients. I’m always looking for ways to improve the advice we give, the services we offer, and maybe—just maybe—find a tool that doesn’t require me to beg Chris to teach me how to use it! Meanwhile, Chris and Jake tackled yet another clickbait financial article, this time from Moneywise, which attempted to pass off a barely disguised ad as solid financial advice.

Now, I haven’t listened to the episode yet, but I can already feel my blood pressure rising. Articles like this—pretending to provide helpful guidance while actually steering unsuspecting retirees toward whatever paid service they’re shilling that day—really get me going! From what I gather, Chris probably got straight to the point, and Jake—being the level-headed guy he is—kept things grounded with solid explanations. They covered why tax planning should drive your withdrawal strategy, how blindly following a set order can lead to higher taxes, and why taxable accounts might be more valuable later in retirement than these so-called experts admit. And I’m sure they took a few well-earned jabs at the deceptive ways financial content is being turned into a giant ad machine.

I’ll be back next week, but in the meantime, Chris and Jake are more than capable of keeping things straight—though, let’s be honest, the episode is probably missing at least one good rant from me, plus a few mispronounced words, incorrect names, and deep rabbit holes that make Chris sigh in exasperation!

The post Setting the Record Straight on Clickbait vs Reality: EDU #2510 appeared first on The Retirement and IRA Show.

Transcript

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0:26.8	without first consulting your financial legal or tax advisor.
0:29.6	Financial planning services offered through Jim Solnior and Associates LLC, a registered investment advisor.
0:47.0	This is the retirement and IRA show coming to you from beautiful Northern Colorado.
0:52.6	Join us as certified financial planner Jim Sonier, as well as Colorado State University Finance instructorified Financial Planner Chris Stein teach you about IRAs,
0:58.0	borrow-in-case, annuities, Social Security, pension plans, and estate planning in a fun and enjoyable show.
1:05.0	Whether you are listening live in Colorado or streaming from their website or iTunes podcast,
1:10.0	Jim and Chris want you to know that they're available to help you plan for your retirement.
1:15.2	Just visit their website at Jimhelps.com. That's Jim H-E-L-P-S dot com and click the Meet the Team button on the homepage.
1:24.6	Now here's Jim and Chris with today's show.
1:29.9	Well, hello and welcome to the Retirement and IRA show, EDU edition for this week.
1:36.7	On today's show, we are going to pick up where we left off last week. Jim and I talked about
1:42.6	an article, I think, that was originally published on LinkedIn
1:46.9	by Susie Orman, where she was talking about the five-year rule on inherited, I'm not the
1:54.2	five-year rule. That's the one we get questions about all the time, but the RMD rules for inherited IRAs and not going to rehash
2:05.3	the whole thing, but we had a few issues with the way it was described in the article.
2:08.6	Wanted to clarify things for people.
	...

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