Ep 3: Financial Items That Are Underrated and Overrated

Building a retirement plan is an on-going process that changes as you progress through you career. That’s why it’s important to evaluate your portfolio frequently to see if you goals and strategies need to adjust. Let’s talk about some financial things that might need more of your attention and some others that might not be all they’re cracked up to be.

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The Game Plan

One thing that we always try to do with clients is help them evaluate their portfolio and make adjustments as they move closer to retirement and then into that next chapter. Part of doing that is understanding when certain strategies no longer make sense for you.

On this episode of The Retirement Playbook, Dale will discuss some common financial things that you’ve likely considered when putting a plan together. Three of these seem to be beneficial but he’ll explain why they can be overrated in certain scenarios. The other three might not get as much attention but maybe you should be paying closer attention to them.

Always remember that retirement planning never ends. It requires consistent evaluation and tweaking as your goals change and your needs shift. That’s why each of these things we discuss today might even flip for you depending on what’s best for your plan. That’s why we always work closely with our clients to make sure they’re staying on track for their retirement goals.

The X’s & O’s

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

[0:47] – Let’s talk about things that are overrated and underrated.

[0:55] – Tax advantages: overrated?

[2:02] – Rates of return: overrated?

[4:04] – Commission-based investment accounts: overrated?

[6:08] – Liquidity: underrated?

[7:14] – Predictability: underrated?

[8:00] – Simplicity: underrated?

“Anytime tax advantages are being pitched as the primary advantage of an investment, it’s probably a sales pitch. You need to look at reducing the volatility to avoid losses and you need to be more prepared to preserve your principal than trying to get the highest rate of return.”

– 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.