We live in an era where everyone has a platform and it’s more profitable to be entertaining than to be informative. That’s led to bias in media and finance is no exception. Let’s take a look at the most common places you’ll find bias and how to make sure you’re getting information that’s accurate for your retirement plan.
Show Notes and Additional Resources: https://principalpreservationservices.com/ep-21-be-aware-of-bias-in-financial-media/
2:06 – In the news: The Stretch IRA is going away as part of the SECURE Act. Here’s what you need to know.
4:40 – Why did this change happen? Is it specifically a tax play for the government?
6:18 – Let’s talk ‘Fake News’
6:43 – First place to find bias: Sensationalism
9:17 – Second bias: Paid Placements
11:18 – Another bias: Wrong Audience
12:50 – An example of a common investment that doesn’t usually make sense for pre-retirees.
14:19 – Final bias: An Axe to Grind
17:58 – Mailbag Question: I have about $50,000 in cash value in an old life insurance policy. I don’t need it before so should I just cash it out and invest it somewhere else?
19:30 – There are a couple options for what you could do with that money.