The Retirement Playbook with Dale Tondryk

Ep 5: Social Security Myths & Misunderstandings

Myths, rumors and misunderstandings are pervasive in the world of Social Security. So what should you believe and what needs to be ignored? On this show, we’ll look to clear up three of the top misunderstandings about Social Security.

 

Show notes and additional resources: http://retirementplaybookpodcast.com 

 

Today's rundown: 

0:50 – First myth: There’s a perfect time to start collecting Social Security.

2:07 – Second myth: Social Security is going to run out of money.

3:42 – Third myth: Decisions about Social Security have nothing to do with other financial considerations.

4:31 – There’s also tax considerations regarding SS.

5:38 – Question #1: I’ve always donated to several different charities at the end of every year. Since the tax laws changed last year, it seems that it didn’t benefit me from a tax standpoint. Am I missing something?

6:46 – Question #2: I got a raise recently and I want to make sure I put the extra money to good use. Do you think I should save towards retirement or pay extra on my mortgage?

7:39 – Question #3: I’m almost 70 and I’m worried I’ll never be able to retire. I’ve always heard you need a million dollars but I only have about half that. Will I have to work forever?

 

Helpful Info:

Website: https://www.myinvestingcoach.com/

Phone #: 952-401-1671

Email: dale@tondrykfinancial.com

Ep 4: Do These Things Actually Happen to Clients?

The world of investing and retirement planning isn’t always what it appears to be. We’re taking a look at financial scenarios that have been common at some point and explaining whether our clients are dealing with the same thing.

 

Show notes and additional resources: http://retirementplaybookpodcast.com 

 

Today's Rundown: 

0:44 – What our main topic is about today.

1:19 – Is this a thing: family members gathering in a room together for the reading of a will to find out who is getting what.

1:59 – You see that a lot on TV but reality is different.

2:25 – Is this a thing: someone discovers an old investment account they forgot they had.

2:47 – Dale shares a real-world example of a client discovery.

3:33 – Is this a thing: kids working their way through college.

4:42 – Is this a thing: people successfully timing the market.

5:39 – Is this a thing: people retiring but having to go back to work after running out of money.

Ep 3: Financial Items That Are Underrated and Overrated

Building a retirement plan is an on-going process that changes as you progress through you career. That’s why it’s important to evaluate your portfolio frequently to see if you goals and strategies need to adjust. Let’s talk about some financial things that might need more of your attention and some others that might not be all they’re cracked up to be.

 

Show notes and additional resources: http://retirementplaybookpodcast.com 

 

Today's rundown: 

0:47 – Let’s talk about things that are overrated and underrated.

0:55 – Tax advantages: overrated?

2:02 – Rates of return: overrated?

4:04 – Commission-based investment accounts: overrated?

6:08 – Liquidity: underrated?

7:14 – Predictability: underrated?

8:00 – Simplicity: underrated?

 

Helpful Info:

Website: https://www.myinvestingcoach.com/

Phone #: 952-401-1671

Email: dale@tondrykfinancial.com

Ep 2: Debunking Financial Myths

What financial statements are more myth than fact? When you look at your financial plans, are you asking the wrong questions? To make the most of your resources, it’s important to understand where

 

Show notes and additional resources: http://retirementplaybookpodcast.com 

 

Today's Rundown: 

0:52 - Myth: The more a financial plan weighs, the more valuable. 

2:00 - Myth: A will is all I need to have my affairs in order.

3:07 - Myth: My spouse will be fine when I’m gone, they will only need half as much income anyway.

4:35 - Myth: When I retire, I need to dramatically shift from stocks to bond.

5:51 - How much money should I save to retire?

7:05 - Should I get long-term care insurance?

7:52 - How can I get the highest possible return on my money?

9:22 - Where can I pay the lowest fees for financial advice?

10:35 - What can I do to pay less in taxes this year?

 

 

Helpful Info:

Website: https://www.myinvestingcoach.com/

Phone #: 952-401-1671

Email: dale@tondrykfinancial.com

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