Business
When our financial growth is going well it can create a false sense of overconfidence. You want to stay vigilant about protecting your financial plan. On today’s episode, we are going to discuss places in our finances that we can be overconfident in. Even if the stock market has been great for the past 10 years, that’s no indication of how it will look in the next 5 or ten years. Some of us have an ideal number we want to reach in order to retire, but this may cause a false sense of security and overconfidence. So, how should we prepare for these circumstances and protect our overall retirement plan? Get additional financial information: https://principalpreservationservices.com/ep-79-overconfidence-in-retirement-planning/ What we discuss: 0:44 – Pride cometh before the fall 1:53 – Mike goes to Greece 3:38 – The stock market 7:16 – 1 million dollars for retirement 9:11 – Rules of thumb 11:40 – Investment products 13:55 – Decision-making process 17:59 – Mailbag: Do I really need an emergency fund? 19:06 – Mailbag: My advisor doesn’t reach out to me?