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 73: Getting it Right: Irreversible Financial Decisions

There are plenty of decisions that you’ll make in the retirement planning process that can’t be undone, so you want to make sure that you make the right call. In this episode, we’ll explain why these decisions are so important and can’t be undone.

Ep 72: Can’t Get No Satisfaction… Or Can You?

Want to know the secrets to experiencing satisfaction in retirement? We’ve discovered five key situations in which your financial plan needs to lead you. If you can key in on these five points, you’ll have a high chance to achieve retirement satisfaction.

Ep 71: Going Against the Grain to Achieve Your Retirement Goals

Being a good advisor isn’t about winning a popularity contest or just saying the same things that everyone else in the industry says. It’s about giving the best advice that you can for each individual situation. On today’s show, we’re going to peel back the curtain to discuss some areas where a good financial advisor’s opinions might go against the grain with mainstream ideas in the industry.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com