In this first hour, Joe and Al reveal the most common what-if scenarios in retirement and how to protect everything you’ve worked so hard for. They also discuss reasons why your 401(k) might be one of your riskiest investments and later share how to take control of taxes in retirement. Learn how to become financially “fit” and understand the importance of finding the right financial advisor to assist you with your financial needs.
2:28 “It’s easy to overlook the what-ifs in retirement”
7:45 “You can’t control markets, you can’t control interest rates. But you can control the taxes that you pay, you can control fees and costs, you can control the risk of your portfolio, and then you can control yourself when things get bad”
17:55 “People have this sense that they don’t have control over their taxes…this isn’t the right approach”
20:15 “Thirteen reasons why your 401(k) is your riskiest investment”
30:30 “With 401(k)s, investments, we aren’t really trained what to do. We blindly put money in and just hope, and hope is not a good investment strategy”
30:37 “Did you know your 401(k) is probably riddled with fees and expenses that you don’t even see on your statement?”
35:50 [when looking for a financial planner] Make sure they fall under the fiduciary standard which simply means they are required by law to give you the advice that’s in your best interest”
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