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

The Financial Calendar

Join us in this episode of The Retirement Playbook podcast as Dale dives into the essential financial matters you need to address throughout the calendar year. He provides valuable insights into maximizing retirement contributions, managing required minimum distributions (RMDs), and making strategic financial moves to optimize your retirement savings.

Financial Therapy

Financial discussions and retirement planning can come with many emotions. From counseling couples with differing financial views to providing support during challenging life events such as divorce or medical issues, financial professionals wear many hats, including the role of a therapist. In this episode, Dale discusses the impact of having a financial professional guide you through life’s most stressful moments.

Ep 88: The Retirement Lifestyle

We’re taking a quick break from the Xs and Os of retirement finances today. Instead, we’re going to talk about some other important pieces of forming your retirement lifestyle. Join us as we discuss staying busy, the significance of social connections after you’ve stopped working, and maintaining your physical and mental health throughout retirement.