Ep 19: Financial Truth Bombs

It’s time to blow up some of the common beliefs people have held for years to make sure you know the truth about financial planning.

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The Game Plan

One of the jobs of a financial advisor is being honest and straightforward with clients about their money and their retirement plans. Sometimes that comes as a surprise to people because it goes against everything they’ve heard before.

We asked Dale to share some of these financial truth bombs that get dropped on clients to keep them from making errors in planning. How prepared are you? Find out on this episode of the Retirement Playbook Podcast.

Listen to the full episode or click on the timestamps below to make sure you avoid ruining your hard-earned retirement.

 

The X’s & O’s

Check out the timestamps below to skip around to specific topics on the show.

[1:33] – This week we’re dropping truth bombs.

[2:09] – Bonds are not always as great for retirees as people think they are.  

[3:50] – Income taxes are currently close to historical lows. Do most people realize that?

[5:52] – The hardest part of investing is managing your own behavior.

[9:02] – Just because you’re an expert in your area, doesn’t mean you’re an expert in money.

[11:32] – You probably have more at risk in your portfolio than you realize.

 

“You have to be aware of the fact that bonds are not guaranteed and there’s an opportunity that you could lose value in bonds, specifically bond funds.”

– Dale Tondryk

More To Explore

Ep 67: Are You A Risk Taker? How To See If Your Tolerance for Risk Matches Your Plan

Do you like to take risks? Or would you rather play it safe and steady? When it comes to the market risk can come with great reward, but it can also be damaging if our risk tolerance is out of balance with our plan. Most people don’t realize how much risk they are taking on and have a much lower tolerance than their portfolio reflects. 

Ep 66: Picking Sides in Important Financial Debates

Financial debates have existed for a long time and when we’re planning we may encounter quite a few. While there are various opinions out there, not everyone’s solution will fit your needs. Each situation is going to depend on your plan and goals.

Ep 65: Are These Retirement Statistics Encouraging or Disturbing?

We’ve gathered some updated retirement statistics from across the country. It’s time to find out if these are encouraging or disturbing findings if they’re reflective of the average client, and what you can do to improve your own retirement preparedness based on this information.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com