Episode 112: "Popular Money Advice That Could Hurt Your Retirement"

Financial advice is everywhere, but not all of it belongs in a retirement plan.Today's episode starts with a short tax-season planning overview, touching on a few timely items people often overlook. Then we dig into some of the most popular money opinions being shared today and explain why certain strategies can create challenges when applied to retirement.We discuss how to evaluate financial advice, the importance of personalized planning, and how tools like Health Savings Accounts (HSAs) can play a meaningful role in retirement.Today’s show delivers a thoughtful conversation for anyone preparing for, or already living in, retirement.Chapters00:00 IntroChecklist heading into tax season01:40 Balancing owing taxes and getting a tax refund04:15 Reassess retirement contributions07:45 Gather all your tax documents now11:30 Create a retirement planControversial Financial Standpoints16:00 Robert Kiyosaki “Start your own biz or buy gold/bit coin”19:35 Suze Orman “Set aside 3-5 years of living expenses”22:20 Ramet Sethi “Renting is better than buying”24:50 Dave Ramsey “Do an 8% withdrawal rate with all stock investments”Traits That an Advisor Should Have29:45 Trust & Likability36:15 The ability to create a holistic plan & can execute it.Listener Questions41:05 HSA Triple Tax Advantage45:00 What financial goals should I create in 2026?Ready to plan your retirement? Do you have specific questions for Tom and the team at Mosley Wealth Management? Contact us here   https://mosleywealthmanagement.com/contact/ ===================================================If you enjoy this content, please 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄! https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1=================================================== ⭐ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀⭐ - Facebook: https://www.facebook.com/mosleyeaseintoretirement- Instagram: https://www.instagram.com/easeintoretirement/- LinkedIn: https://www.linkedin.com/company/mosley-wealth-managementLearn the key components you need to include in your retirement plan:Check this video out: https://youtu.be/QkJzvbZ_gDs#RetirementPlanning #RetirementRisks #RetirementBlueprint #LongevityRisk #MarketRisk #TaxPlanning #LongTermCare #Social Security#Retirement #RetirementReady #FinanicalAdvisors #RetirementSavings #Retirement #HowtoPrepareforRetirement #RetirementTips #RetirementStrategyDISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.For more information, visit: www.mosleywealthmanagement.com