Bad Financial Advice on Social Media

26/04/2024 50 min
Bad Financial Advice on Social Media

Listen "Bad Financial Advice on Social Media"

Episode Synopsis

The conversation explores the dangers of financial advice on social media and the importance of fact-checking and consulting professionals. It highlights the misleading advice surrounding 401(k)s, celebrity endorsements, and the FIRE movement. The hosts emphasize the need to consult a financial advisor and fact-check information before making financial decisions. They also discuss the importance of asking the right questions and having a comprehensive retirement plan. In this conversation, Ben and Matt discuss important considerations for retirement planning.They also discuss the impact of medical expenses and the options for managing pensions. The conversation touches on the pros and cons of annuities, the timing of Social Security claims, and the fee structure of investments. Finally, they address questions about rolling over a 403B, spending down before RMDs, retiring on dividend income, and options when a 401k is not available. Reach out to Ben and Matt at 877-249-6900 or https://soundpathretirement.com/See omnystudio.com/listener for privacy information.