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Financial Rules Of Thumb
Manage episode 418533974 series 3423688
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The financial planning world is full of common rules of thumb and assumptions you’ve probably heard of. For example, have you ever been told that you'll be in a lower tax bracket in retirement? Or that life insurance becomes unnecessary as you enter your golden years?
We’re excited to welcome Tyler, Tad and Toni’s daughter, onto the show this week to talk about some of these common financial rules of thumb. She’s been working at Freedom Financial for years now and is here to share her wisdom with you today. As the Hill family shares their thoughts on these common assumptions, you’ll learn why relying on blanket statements can be detrimental to your retirement planning journey.
Here’s what we discuss in today’s show:
- The myth that everyone will be in lower tax bracket in their retirement years
- The misconception that life insurance is unnecessary once you retire
- The importance of individualized guidance based on your circumstances
Key Takeaway
“Rules of thumb make no sense because not everybody's thumbprint is the same.”
We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio
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