Tag: Retirement

Retirement Myths Busted: What’s Fact, What’s Fiction? (Ep. 9)

Retirement Myths Busted: What’s Fact, What’s Fiction? (Ep. 9)

What retirement myths are holding you back?

In this episode, Brendon Murphy sorts through some misleading beliefs about retirement. Discover why you might not actually spend less in retirement, how to plan for longevity, and debunk the idea that Social Security will cover all your expenses. This episode offers a conversational yet insightful peek into the realities of retirement planning.

Brendon discusses: 

  • (02:01) Spending expectations in retirement and the reality of initial costs
  • (05:08) Social Security misconceptions and supplemental income needs
  • (09:51) Importance of early savings to leverage compounding interest
  • (12:18) Planning for healthcare needs and living longer
  • And more

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Long-term Care: Why Early Planning is Your Game-Winning Strategy (Ep. 2)

Long-term Care: Why Early Planning is Your Game-Winning Strategy (Ep. 2)

Planning for long-term care may not be as exciting as planning your next pickleball game, but it’s crucial for your financial security and peace of mind.

How do you ensure you’re prepared for the future? What are the best strategies to leverage your assets for long-term care?

This week on The Compass Wealth Conversations Podcast, Brendon Murphy dives into the fundamentals of long-term care, addressing why it’s a critical component of your financial planning. He sheds light on the various forms of long-term care, misconceptions, cost considerations, and the importance of early planning to secure your future comfort and peace of mind.

Brendon discusses: 

  • Understanding the different types of long-term care available today
  • The impact of long-term care costs on personal savings and assets
  • Common misconceptions about Medicaid and Medicare coverage
  • The benefits of starting long-term care planning early
  • And more!

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