It’s time for a pop quiz on No Payne, No Gain, and we’re going to put Bob Payne on the spot by asking him some retirement questions. Will he ace the quiz with flying colors? Find out on this episode and pick up the retirement answers along the way.
How much do you know about retirement? Are you prepared to take a pop quiz and put that knowledge to the test?
On today’s episode of No Payne, No Gain, Ryan has a few multiple-choice questions for Bob about retirement planning. We’ll find out just how much he knows and we’ll use each of those questions to explain some important parts of the retirement planning process.
Things have changed quite a bit through the years and common retirement beliefs from 20 years ago might not apply to investors today. From the uncertainty of Social Security to low interest rates, these factors all play into the strategy you apply to your plan and we’ll help you understand these retirement changes.
Ryan and Bob also the ‘Financial Propaganda of the Week’ segment back to show where they share the misinformation they’ve found in the news recently. What indicators are they seeing in the stock market? What can we learn about some recent cryptocurrency news?
[0:31] – Let’s start with a multiple choice quiz.
[0:44] – Which of these is the best estimate for how much income you’ll need in retirement?
[2:20] – Which of these do retirees fear the most?
[3:33] – Which of these examples best represents a diversified retirement plan?
[8:48] – Retirement planning isn’t what it used to be.
[10:05] – There’s a lot of uncertainty about Social Security.
[10:26] – The onus is now on you to build a portfolio that generates income in retirement.
[11:10] – The other issue is we’re all living longer.
[12:24] – Interest rates are very low so cash is slowing you down.
[15:39] – Financial Propaganda of the Week.
[15:58] – Bob found out stock indicators are neutral. Let’s explain this contrarian indication.
[19:09] – Ryan found some propaganda about cryptocurrencies.
“I always say planning is very therapeutic. It’s just nice to know where you stand. And a lot of times you’re probably better off than you think.”
– Ryan Payne
IMPORTANT DISCLOSURE INFORMATION
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Payne Capital Management, LLC), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Payne Capital Management, LLC. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Payne Capital Management, LLC is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Payne Capital Management, LLC’s current written disclosure statement discussing our advisory services and fees is available for review upon request.