Ep 50: Overconfidence in Financial Planning

Overconfidence in financial planning can cause a lot of issues. It's best to meet with a financial planner to keep you level-headed and informed on an expert's opinion.

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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

“To me it’s about leaving those specialties to those special people.”

– Dale Tondryk

More To Explore

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.

Ep 87: Social Security Myths

Have you ever wondered if the Social Security system will run out of money before you retire? Or if claiming benefits as soon as you’re eligible is the best decision for your financial future? In this episode, we’ll be debunking common myths about Social Security and answering the questions you’ve been curious about.

Ep 86: Don’t Get Lost In Retirement

Getting lost while driving in the car or hiking in the woods is kind of like getting lost in retirement planning. It can be tough to find your way without the right guidance and tools. But fear not! In today’s episode, we’re going to explore the most common mistakes people make in retirement planning and share some insightful advice to help you stay on track.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com