EPISODE SUMMARY
Would you play chicken with your financial health in the last 6 months of your life? How many decades of luxury is worth your last 6 months of life in poverty? In this episode, Paul and Cory break down some more articles discussing shocking retirement stats and fill in the gaps of financial articles.
WHAT WAS COVERED
- 00:00 – Episode starts
- 00:35 – Paul welcomes the show.
- 01:45 – looking forward to the episode topics
- 02:50 – Article Breakdown: “Jaw-dropping stats about the state of retirement in America”
- 16:15 – reviewing the longevity calculator
- 22:40 – Article Breakdown: “Don’t believe inflated yields on inflation-protected bond funds”
- 33:15 – Altering your perspective for the better when introduced to new financial information.
- 34:20 – Closing thoughts
- 36:45 – Show Ends, thank you for listening.
TWEETABLES
[Tweet “for some households they don’t have a lot of excess to set aside… this will mean they will usually borrow money to buy something… to purchase something like a car, the car is not the collateral, it’s leaned against your future income… this is important because in retirement you don’t have income for loans like these. #YourBusinessYourWealth”]
[Tweet “there is no way you could give me enough luxury for decades to then have the last 6 months be abject poverty and feel like that evens out. #YourBusinessYourWealth”]
[Tweet “Don‘t play chicken with the average age of life and your retirement… #YourBusinessYourWealth”]
LINKS
Article Breakdown: “Jaw-dropping stats of retirement”
Article Breakdown: “Longevity calculator”
Article Breakdown: “Don’t believe inflated yields on inflation-protected bond funds”
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Clockwork: Design Your Business to Run Itself
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MUSIC CREDITS
Contains a sample of “King” by Zayde Wølf courtesy of Lyric House.
——————————————————————————————————————————- Transcribed by https://otter.ai This Material is Intended for General Public Use. By providing this material, we are not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact one of our financial professionals for guidance and information specific to your individual situation. Sound Financial Inc. dba Sound Financial Group is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Insurance products and services are offered and sold through Sound Financial Inc. dba Sound Financial Group and individually licensed and appointed agents in all appropriate jurisdictions. This podcast is meant for general informational purposes and is not to be construed as tax, legal, or investment advice. You should consult a financial professional regarding your individual situation. Guest speakers are not affiliated with Sound Financial Inc. dba Sound Financial Group unless otherwise stated, and their opinions are their own. Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Past performance is not a guarantee of future results. Each week, the Your Business Your Wealth podcast helps you Design and Build a Good Life™. No one has a Good Life by default, only by design. Visit us here for more details: yourbusinessyourwealth.com © 2020 Sound Financial Inc. yourbusinessyourwealth.com ——————————————————————————————————————————— Full Episode Transcription
PRODUCTION CREDITS
Podcast production and show notes by Greater North Productions LLC
Recorded using Switcher Studio: [email protected]