Ep 21: Be Aware of Bias in Financial Media

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/ 

 

Today's Rundown: 

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.