Description

Send us a text

In this episode, we’re tackling some common complaints and fears that can arise during the retirement planning process. These complaints often include concerns about advisors taking too much risk, dissatisfaction with account growth, high fees, worries about Social Security not being enough to retire on, and more. We'll discuss which concerns are well-founded, which are based on misconceptions, and offer insight on how retirees can best navigate their financial future.

Here are some key takeaways from this episode:

• If you feel like your advisor is taking too much risk, consider your individual risk tolerance and goals + understand the trade-off between risk and return.
• Focus on the value provided by your advisor, not just the cost. While fees are important, cheaper doesn’t always mean better.
• Investment accounts might not always experience consistent growth, and fluctuations are part of long-term investing. Understanding your investment choices and financial plan is key!
• Financial plans should be explained by your advisor in simple, easy-to-understand terms.

We hope you enjoy the show!


Helpful Info:

Kyle's website: http://www.mokanwealth.com/

Phone: 913-257-3991

Subscribe to The Retire Ready Weekly Newsletter
Get more information on The Retire Ready Academy
Looking for personalized financial planning? Visit our website

Disclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This podcast is intended for educational purposes only. Nothing in this podcast constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. MOKAN Wealth Management is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.