Retire With Purpose - The Retirement Podcast 454: Busting 6 Big Financial Myths for Retirement
In a world where you have more financial information at your fingertips than ever before, it's vital to be aware of myths, rules of thumb, and unverified guidance that isn't geared toward your unique financial situation.
In this episode, we discuss:
- The risks of dividend-only income
- Caveats of the Rule of 100
- Factors that should apply to your withdrawal rate
- When you do and don't need a financial advisor
Today's article comes from Morningstar titled, 6 Retirement Financial Myths to Avoid. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.
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Show Notes: Howardbailey.com/454
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ABOUT HOWARD BAILEY FINANCIAL: Our mission is to help others gain clarity in purpose and elevate meaning in their lives through personal and practical financial strategies. Our Retire With Purpose™ Framework starts with establishing your unique financial philosophy — the true meaning and purpose for your money in retirement. Through continued education, one-on-one meetings, and a comprehensive team planning approach, we have helped retirees across the country secure their financial futures. And while we can't work with everyone, our goal is to provide value to everyone we meet. Our team of advisors and support specialists strive to deliver the very best experience in pre-retirement and retirement planning. Learn more about our process here: https://howardbailey.com/our-process