Pitfalls of Typical Fiancial Planning

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Manage episode 256430822 series 1082285
By Jesse McFie and Dr. Tom McFie. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Typical financial planning has failed, leaving many dependent on social security. 401Ks, simple IRAs and other Tax Qualified Plans, are the “golden goose” that can kill you financially if you don’t know and understand the “terms and conditions” of each.

Although it seems like “free money” when your employer is contributing some sort of match, will that “free money” actually cost you in the long run?

In today’s episode, Tom and John talk about some of the consequences that could ensue in the future with these typical systems. Surprises can be nice, but tax implications you didn’t expect to have, aren’t.

Don’t get caught by surprise, understand what’s ahead. Listen Now.

271 episodes