Is This Retirement Fact or Fiction?

Ever hear something and think, could that be true? Some of these financial concepts are fact and some are fiction--do you know which is which?

 

Read more and get additional financial resources here: http://petersonfg.com/is-this-retirement-fact-or-fiction/ 

 

What we discuss on this episode:

1:04 - Fact or Fiction: Social Security is taxable. 

3:18 - Fact or Fiction: Your taxes will likely be lower in retirement.

5:24 - Fact or Fiction: Term life insurance is better than whole life insurance.

7:37 - Fact or Fiction: Medicare will cover most of your medical needs in retirement.

9:30 - Fact or Fiction: As we get older, we should shift from stocks to bonds.