Catching Up to FI Retirement Planning Tips | Andy Panko | 063
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Mar 3, 2024 Andy Panko, retirement planning expert, discusses annuities, social security, and tax considerations for retirement. The podcast covers strategies for financial planning, managing accounts, and optimizing investments. It also explores misconceptions about annuities, comparing MIGAs to CDs, and essential retirement planning resources.
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Investment Simplicity
- Focus on overall investment allocation, not specific sectors or stocks.
- Prioritize low-cost index funds over high-expense actively managed funds.
Ignoring Election Noise
- Short-term market fluctuations due to elections are irrelevant for long-term retirement plans.
- Focus on long-term market trends, not short-term noise from media.
Overlooked Retirement Aspects
- Plan for non-financial aspects of retirement, such as purpose and community.
- Understand taxes, which are a major expense, even in retirement.