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Episode 2799:
Michael Smith of FinancialFinesse.com debunks four common myths about retirement, emphasizing the continued relevance of Social Security, the insufficiency of relying solely on Social Security, the manageable cost of medical insurance premiums, and the feasibility of achieving retirement with consistent savings efforts. His insights encourage proactive financial planning to secure a comfortable retirement.
Read along with the original article(s) here: https://www.financialfinesse.com/2015/09/18/four-retirement-myths-im-hearing/
Quotes to ponder:
"Social Security should still be a piece of your retirement foundation. Don’t discount the importance of Social Security."
"Most of us will need a part time job, distributions from our retirement plans or withdrawals from our savings and investment accounts, combined with Social Security, to live the lifestyle that we want."
"Retirement is possible for everyone. It just requires some effort."
Episode references:
Healthcare.gov: https://www.healthcare.gov
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Optimal Finance Daily - Financial Independence and Money Advice