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.

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The Game Plan

When it comes to financial debates, there are a few that we often hear. “You should always pay the house off before retirement“ or “Individual bonds are better than bond funds“ are some common ones you may encounter. But the reality of any financial debate is that the correct answer usually depends on your situation.

Paying off the house before retirement is a great goal, but if you have to compromise your retirement accounts to do so you may need to think about it twice. Individual bonds can be better than bond funds, but they can also be worse. Really it’s all about your goals and where you want your money focused. Join us today, as we explore these financial debates and more. Which side of the aisle do you agree with?

The X’s & O’s

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

[1:07]How are you doing?

[1:26] Always pay off your house

[5:32] Individual bonds vs. bond funds

[7:15] You don’t need life insurance in retirement

[8:58] Fee-based advisors instead of commissioned broker

[9:58] Annuities are always a rip off

[12:17] – You’ll be in a lower tax bracket in retirement

[15:07] – You should never use credit cards

[16:42] – You should start Social Security as soon as possible

 

If you can eliminate some of that money going out to the mortgage company and interest, that’s money you can use for your retirement.”

– 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 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.

Ep 64: Counting Down the Days Until Retirement

Those days, months, and years leading up to retirement can start to fill with anxiety about what needs to get done. We’ve assembled a list of priorities to keep in mind as you count down the days to retirement.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com