Rethinking Retirement: Challenging Conventional Wisdom
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In today’s episode, we’re going to challenge conventional wisdom surrounding retirement planning. For example, is a mortgage always considered “good” debt for everyone? Or is changing investments when they're not performing well the right solution?
Stay tuned as we chat about some of these commonly held beliefs and the importance of having a well-rounded retirement plan. As Tad and Toni share their insights, you’ll gain a deeper understanding of why questioning conventional wisdom is essential for achieving true financial freedom in retirement. Don't miss out on this conversation that might just reshape your perspective on planning for the retirement you dream of!
Here’s some of what we discuss in today’s episode:
- Conventional wisdom suggests that a mortgage is “good debt,” but the decision to carry that debt into retirement should be based on individual circumstances
- A lack of a comprehensive retirement plan often leads to impulsive decision-making and overspending
- True relaxation in retirement is challenging without a well-defined plan that considers activities, hobbies, and goals
- The abundance of information available, coupled with the fear of making wrong decisions, often leads to analysis paralysis in retirement planning
Key Takeaway
“I find that the biggest impediment to people's retirement plans going well is not that they're making bad decisions, but that they're not making decisions.”
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