In this episode, Host Joe Allaria is joined by Co-Host Jay Waters to discuss our Top 10 Retirement Myths that seem to be widely accepted amongst those in or near retirement. In Part 1 of this two-part series, we cover the first five myths, including:
First 5 of the Top 10 Retirement Myths
1. If you reach a certain dollar amount (say $1M), you can safely retire.
2. Your investments should be conservative in retirement.
3. You have to avoid market downturns when you’re retired.
4. You need to have your mortgage paid off in order to retire.
5. You will have a low marginal tax rate in retirement.
Listener Question
You'll also hear a listener question from Tony about the best accounts to gift money to grandchildren and what alternatives there are to 529 College Savings Plans.
Resources Mentioned in the Show
College Planning: Is a 529 Plan Right for Your Child? (carsonallaria.com)
Submit Your Questions
To submit a listener question, visit our website HERE and enter the details of your question.
Disclaimer: All material discussed on this podcast is for educational purposes only and should not be construed as individual tax, legal, or investment advice. Investing involves risk of loss and investors should be prepared to bear potential losses. Past performance may not be indicative of future results. Joe Allaria is an Investment Adviser Representative of CarsonAllaria Wealth Management, a Registered Investment Advisory firm. Information discussed on this podcast may be derived from third parties that are believed to be reliable, but CarsonAllaria Wealth Management does not control or guarantee the accuracy or timeliness of such information and disclaims all liability for damages resulting from such sources. Any references to third parties are provided as a convenience and do not constitute an endorsement.
Invest Wiser & Retire Better!
