Beware of Retirement Half-Truths

We hear a lot of half-truths in the financial world, not necessarily because people try to make misleading statements, but because sometimes a simple statement just doesn’t quite tell the whole story. These statements may sound correct on the surface but they just don't tell the whole story.

On this episode, we’ll dive into the importance of understanding fees, the complexities of mortgage decisions, and why simply matching your employer's 401(k) contributions might not be enough. Wade also explains why having a retirement plan is crucial, even if you plan to work during retirement, and the limitations of relying solely on Medicare and Social Security.

We’ll cover a wide range of retirement planning topics today and hopefully clear up some of the gray area to help you make more informed decisions.

 

Here’s some of what we discuss in this episode:

• Why fees in your portfolio might not be as low as you think.
• Is it better to pay off your mortgage early or invest that money?
• Why diversification isn’t THE key to retirement planning.

 

Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ 

The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.

Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

Why planning is still essential even if you plan to work in retirement.