The Game Plan
With all the information on the internet these days about investing and saving for retirement it can be easy to fall into the trap of overconfidence. We often think we know enough to make smart retirement decisions. However, this type of overconfidence can cause gaps and mishaps in our financial plans. It’s usually best to get an expert’s opinion on big financial decisions.
On today’s episode, we are going to be discussing overconfidence in financial planning. Perhaps you know someone that is a little too confident in their ability to predict the stock market. A lot of us even have too much reliance on our own knowledge and decision-making skills. Let’s go over 5 areas in financial planning where people tend to get overconfident and how a financial planner can help mitigate these vulnerabilities.
The X’s & O’s
Check out the timestamps below to skip around to specific topics on the show.
[1:00] – October is here!
[2:30] – Stock market
[5:48] – A million dollars to retire
[7:23 ]– Rule of thumb
[9:12] – Our own understanding
[12:40] – Our own decision making