About this episode
What’s fact and what’s fiction when it comes to these financial planning concepts? Phil sets the record straight in order for you to plan accordingly.
Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-83-financial-fact-or-fiction/
Watch the video podcast: https://youtu.be/DY69Ko0EGA8
What we discuss on this episode:
0:50 - Listen for Phil to say “run the numbers” on the podcast.
2:11 - “Your Social Security can be taxable.”
4:00 - “Your taxes will likely be lower in retirement.”
8:01 - “Term life insurance is better than whole life insurance.”
9:45 - “Medicare will cover most of your medical needs in retirement.”
13:33 - “As we get older, we should gradually shift from stocks to bonds.”
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