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Exposing Faulty Financial Advice on 401K Investments
Manage episode 413031457 series 3561532
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Welcome back to the Last Paycheck Podcast. Today, certified financial planners Archie Hoxton and Rob Hoxton dive into exposing and debunking viral financial advice circulating on social media platforms. Remember - don't believe everything you see online!
They kick off the episode by reacting to misinformed claims about 401(k) retirement plans, highlighting the inaccuracies presented in a viral clip. They correct the false narrative that 401(k)s were created post-Great Depression and address the misconception that saving for retirement through these plans is ineffective. They also analyze a second video that promotes cash value life insurance as a better alternative to traditional retirement saving methods. They advocate for responsible investing and emphasize the importance of proper research, debunking myths, and offering insightful commentary on tax implications, fiduciary duty, and insurance products.
Watch on YouTube: https://youtu.be/5ltaOLp4Du4
Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it’s excitement, anxiety, or anything in between, this show is for you.
Visit: http://www.thelastpaycheck.com
If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation
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