4 Retirement Planning MYTHS Ruining Your Retirement Plan! 🤯

Рет қаралды 5,696

Күн бұрын

From planning your retirement age to the way you invest, today we're covering a few different myths (lies) that may be ruining your retirement plan!
0:00 Into
0:20 Myth 1: Planning on your money lasting long enough
3:50 Myth 2: Your tax rate will be lower in retirement
6:09 Myth 3: Bridging the health care gap
9:26 Myth 4: Bonds are safe alternative in retirement 🤔
12:11 Jokes jokes jokes
Jazz Wealth Managers helps individuals and families achieve financial security through retirement planning and investing strategies. Our videos offer actionable guidance on navigating Roth IRA's, 401ks, IRAs, Social Security, and more. Whether you're approaching retirement or just getting started, learn how to make informed financial decisions for a prosperous future. Subscribe for more!
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Пікірлер: 37

@Jazzwealth 27 күн бұрын

Thanks for watching! What other myths have you seen out there that people fail to plan for? Let us know! 🙏

@Ethethis777 27 күн бұрын

I miss your daily updates. I hope you'll resume them next week, as they provide a very educational recap. Thank you!

@Jazzwealth 27 күн бұрын

I appreciate that! The Closing Beat will absolutely be back soon! Promise :)

@WesleyClements 27 күн бұрын

Sad month it’s been

@MAnderson5 25 күн бұрын

In my 50s, I'm focused on investments for retirement. I've heard of people generating substantial passive income, like someone who earned $650K in under a year on a CNBC podcast. I'm wondering, what could be the strategy for such returns?

@fromthebirchwood 25 күн бұрын

Find quality stocks that have long term potential and ride with those stocks. As a regular investor, I have found it takes someone who is very familiar with the market to make such good picks.

@arlenehill4ril 25 күн бұрын

Agreed, opting for an advisor is the ideal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with one for a while now, and my portfolio has surged over 120% since early last year to date, summing up nearly $1m.

@okaydamian 25 күн бұрын

@@arlenehill4ril please how can I connect with your advsor? I am 59 and have my money scattered around, need to be moving faster towards stable retirement

@okaydamian 25 күн бұрын

impressive gains! how can I connect with your advsor please? I am 59 and have my money scattered around, need to be moving faster towards stable retirement

@arlenehill4ril 25 күн бұрын

Can't divulge much, I take guidance from ''Karen Lynne Chess'' and most likely, the internet should have her basic info, simply research.

@Kevin-fh5ci 27 күн бұрын

One thing you should have covered with myth 1 is SSA life period tables. I’m going to trust what an actuary says more than anything else. And your life expectancy changes based on your current age based on historical data.

@Scott-xf5xb 26 күн бұрын

Use 90 for longevity. Make sure you are not eating dog food as an old goat.

@swamprat9018 27 күн бұрын

Thank goodness for the replay button because the first time I watched, I was so distracted by Errorics tan line on his forehead wondering is that from a head band or tiara.

@rep4293 27 күн бұрын

Where is the closing beat!!!?

@Jazzwealth 27 күн бұрын

We will be back soon!! Promise!! :)

@LLoydwng 27 күн бұрын

I though youtube stop recommending me closing beats. I hope you guys didn't drop this one

@Jazzwealth 27 күн бұрын

No no no! Things have been beyond busy but we will be back soon with the Closing Beat!! Promise :)

@brucesmith6868 17 күн бұрын

Thank you Boys good info as always, if they cant take the joke as a joke then they probably should stick to a saving account. Ha ha

@toddliveringhouse5808 20 күн бұрын

Classy.

@keithmachado-pp6fv 10 күн бұрын

I bought a 20 year bond 3 months ago paying 4.75% with a YTM of 4.86%. It was below par at $98 and now it’s over $103 so the gain is more than 1 years interest. My 3 month gain with accrued interest if I sold now would be 10% (40% on an annual basis). The issue is that I now need to replace it and current bonds are at 4.5%. If I hold I could gain more as rates decline but that will just mean replacing with even lower yield. Holding to maturity guarantees a decrease back to par.

@jimjohnson7237 27 күн бұрын

Big fan from Muncie here.

@Jazzwealth 27 күн бұрын

We're in your backyard tonight! Appreciate you watching!

@marcohare5782 23 күн бұрын

For bonds vol comparison why did you choose 20+ year bond fund? Yes we know long term bonds are highly volatile. I suspect most people would be short to intermediate term bonds.

@ralphparker 27 күн бұрын

On Myth 4, Volatility: Bonds (i.e ladder) vs bond funds. All you volatility is in the funds if you are holding any bonds in bond ladders to maturity.

@Bum_Hip 27 күн бұрын

Sounds like retirement is much more simple in every other leading economically advanced country, other than The USA. Have to admit, I’m jealous of their healthcare costs, and systems.

@ralphparker 27 күн бұрын

For longevity, For some one my age, I like to use average plus 1 sigma standard deviation.

@barrymorton4268 27 күн бұрын

glad I went by the Walgreens before I saw this :)

@Jazzwealth 27 күн бұрын

At least you weren't in one when you heard it 😅

@chasedavidson2855 27 күн бұрын

Good joke I approve

@Jazzwealth 27 күн бұрын

The antenna one, right? 😅

@johngill2853 25 күн бұрын

It's not a myth most people pay less taxes in retirement Most people will pay less taxes in retirement. Have you seen the median retirement savings in this country

@Jim-mz1cf 25 күн бұрын

I agree with you, but I would guess that the majority of people who watch financial videos on KZfaq are not like most people.

@johngill2853 25 күн бұрын

@@Jim-mz1cf maybe But life happens and having a higher tax rate takes a lot because you put the money in a traditional at your highest marginal tax rate and you take it out starting at the lowest tax rate

@Jim-mz1cf 25 күн бұрын

@@johngill2853Assuming tax rates don’t go up I would agree with you, but I anticipate rates will go up so there will be people with lower incomes paying higher tax rates. Only time will tell.