Breaking Down Social Security Myths

<p>Social Security is an important piece to retirement planning for most people, but they often make their decisions based on myths that are floating around. Today we’ll break down some of the common misunderstandings before playing a game of ‘Agree or Disagree.’</p> <p> </p> <p><strong>Show notes and additional resources:</strong> <a href= "https://johnsonbrunetti.com/?p=4645">https://johnsonbrunetti.com/?p=4645</a> </p> <p> </p> <p><strong>Today's rundown: </strong></p> <p><strong>1:32</strong> – What we’re talking about today.</p> <p><strong>2:05</strong> – Mailbag Question: What percentage of my current income should I plan on needing when I retire next year?</p> <p><strong>3:51</strong> – Mailbag Question: I hear a lot of buy gold commercials on the radio. I’m sure you probably have an opinion. What’s your take on investing in gold or other precious metals?</p> <p><strong>5:34</strong> – Mailbag Question: Is it good or bad if interest rates finally start going up?</p> <p><strong>7:02</strong> – Mailbag Question: For the last two years, I’ve been telling myself that it’s time to get off the investment roller coaster and lock in my gains. But every time I want to do it, the market has another great day. How do I know when I should make a change?</p> <p><strong>8:38</strong> – Let’s break down some of the myths on Social Security. The first is that there’s a perfect time to take Social Security, but that’s not the case.</p> <p><strong>10:12</strong> – The next myth is that you make the Social Security decision on its own without considering all the financial aspects of your life.</p> <p><strong>12:28</strong> – Agree or Disagree: You should always pay off your house as soon as you can.  </p> <p><strong>14:48</strong> – Agree or Disagree: Individual bonds are better than bond funds.</p> <p><strong>16:17</strong> – Three ways for the individual investor to get shellacked in the market.  </p> <p><strong>16:40</strong> – Agree or Disagree: Nobody needs life insurance once they retire.</p> <p><strong>17:35</strong>