Never Assume In Retirement Planning

Making an assumption about something gets us into trouble (and makes a you-know-what out of you and me). How about common assumptions when it comes to retirement? Should we continue to believe them or look a bit deeper? Nathan talks us through these four retirement planning assumptions.
Share this episode with a friend:

Today’s Question:

Making an assumption about something gets us into trouble (and makes a you-know-what out of you and me). How about common assumptions when it comes to retirement? Should we continue to believe them or look a bit deeper? Nathan talks us through these four retirement planning assumptions.

Click the timestamps below to jump ahead in the episode…

In The News

2:24 In the News: The Numbers

  • According to a survey, 7 percent of Americans think chocolate milk comes from brown cows.
  • Many people think they will win the lottery one day and that is their retirement plan (it’s not a plan).
  • The DOW has been sliding for several weeks but is coming up again and back in the green.

Confidence Corner

6:46 Assumption #1: A Roth IRA Will Save Money In The End

  • For most young people that is the case, but it’s not always true for everyone.
  • For younger, high-income earners it might make more sense to defer the taxes until retirement when you won’t be making that high income.
  • It’s worth checking with an advisor.

8:37 Assumption #2: Delaying Social Security Will Yield More

  • There’s a breakeven point to this, typically between 75 and 80 years old.
  • Look at your own situation and your health to see if it makes sense to delay.
  • Social Security is going to have change systematically, but we don’t know what will happen.

12:22 Assumption #3: Bonds Will Create a Safer Portfolio

  • Bonds create volatility if they are longer term and don’t necessarily create safety.

13:31 Assumption #4: Taking The Lump Sum Option On A Pension Is Best

  • You need to look at your entire situation. It is not always best to take the lump sum.
  • Sit down with an advisor and make a plan with your spouse.
  • A lump sum may be the best option, but a lot of times Nathan has recommended the pension option.
  • Your market investments don’t have a guarantee, so a guaranteed income is nice in certain situations.
  • Make sure you do the right thing for your unique needs.

A Point Of Wisdom:

Additional Resources:

Schedule A Meeting

Download Your Retirement Rescue Toolkit – Learn More About Our Firm

Your Guide:

Nathan O’Bryant – Contact

Share this episode with a friend:

EXPLORE MORE EPISODES

Is Retirement Planning Harder Than It Used to Be? Part 2

How have things changed since when your grandparents were planning for retirement? So many things have gone up in cost! Instead of pretending things are still like they used to be or avoiding the topic, it’s important to face some of these facts head-on. In this second part of our series, we discuss how retirement planning can be harder than it used to be.  

Listen Now »

Is Retirement Planning Harder Than It Used to Be? Part 1

We’ve all heard our parents or older generations say, “Well, back in my day…” Some things that were harder in the past have been eased with technology and other advances. But other things have become overcomplicated or more difficult. Today, we talk about the ways retirement planning has changed and potentially gotten more challenging than it used to be.

Listen Now »

The Power of Delayed Gratification

We’re living in a fast-food world, but sometimes it’s worth waiting for the good stuff. Making financial sacrifices can be hard, but today we talk about when the delayed gratification is worth it. From saving for your future to having what you need in retirement, you’ll want to be strategic about your money.

Listen Now »

YOUR HOST

Nathan O’ Bryant is the founder of O’Bryant & Associates, Inc., a Registered Investment Advisory firm in the state of TN. He’s been helping people plan for retirement and their financial futures for more than 15 years.

The weekly podcast features discussion and excellent guidance on the important financial planning questions we all have. Whether it’s tax planning, retirement income, social security or the stock market, you’ll find that no topics are off limit on this show.

YOUR HOST

Nathan O’ Bryant is the founder of O’Bryant & Associates, Inc., a Registered Investment Advisory firm in the state of TN. He’s been helping people plan for retirement and their financial futures for more than 15 years.

The weekly podcast features discussion and excellent guidance on the important financial planning questions we all have. Whether it’s tax planning, retirement income, social security or the stock market, you’ll find that no topics are off limit on this show.

SUBSCRIBE