Outdated Financial Strategies

Equipping Points:

Some of the strategies of yesteryear might not be the right strategy for you today. We talk through different financial strategies people have used and what makes the most sense for your financial plan.

Are you saving your money or investing it? Are you actually as diversified as you think you are? Are you using your Social Security strategically in retirement? Knowing how all of these things can work in your plan can make a big difference in your retirement income and taxes.

Here are some of the outdated strategies we discuss on today’s show:

  • Using savings accounts for long-term growth.
  • Diversification across stocks only.
  • Focusing only on domestic investments.
  • Relying on Social Security for retirement.

If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here. 

 

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