Cut The Crap Retirement Show

Hindsight in 20/20 in Financial Planning

We all have some things we would have liked to differently in hindsight, especially as it relates to our finances. That might be especially true in 2020 as we all deal with difficult circumstances due to COVID-19. Here are some things we might hear about our planning decisions in hindsight.


Read more and get additional financial resources here: 


What we discuss on this show: 

3:42 - I got scared after the market crashed and put my money in cash. Now I’ve missed the big run up in the market.   

6:50 - I didn’t realize how much risk I was taking on.

9:30 - I didn’t understand my options with Social Security and I should have waited to start taking it later.

11:17 - I should have put more money into a Roth IRA rather than saving so much in my 401k.

13:45 - I probably retired too early and I might need to go back to work.

15:36 - Mailbag question: I’m getting a big tax refund and have for the last several years. Am I better off keeping more money throughout the year?

Obsolete Retirement Planning Ideas

Investing now is much different than it was even 20 years ago and your retirement planning needs to evolve with it. Today we’ll discuss five different planning ideas that might have been solid at one point but don’t work as much under the current economy and market conditions.


Read more and get additional financial resources here: 


What we discuss on this show: 

3:18 - Trump’s capital gain tax proposal

7:35 - Obsolete planning discussion begins with the 4% rule

9:48 - The 10-5-3 Rule

11:52 - Move from stock to bonds as you get older 

14:11 - Make it to $1 million and you’re ready to retire.   

17:28 - You’ll need less income in retirement than when you’re working.

20:36 - Don’t generally follow any rules of thumb in retirement planning. Map it out.

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