This episode explores the impact of social media on financial literacy and exposes some of the worst financial planning advice that has gone viral. It discusses the dangers of misleading financial advice on platforms like TikTok and YouTube, highlighting the high percentage of misleading videos from finance influencers. The episode debunks the myth that 401(k) plans are a scam and emphasizes the importance of understanding the benefits and risks associated with different investment options. It also warns against blindly following celebrity-endorsed investments and the dangers of accumulating debt as a path to wealth. The episode concludes by urging listeners to seek reliable financial advice from fiduciary advisors. In this episode of Element Wealth Radio, Jeremy Nelson discusses important retirement planning topics. . He also highlights the importance of considering medical expenses, estate planning, and investment fees. Additionally, Nelson provides insights into Bitcoin and cryptocurrency investments and offers guidance on when to draw Social Security benefits. Overall, the episode provides valuable information for individuals planning for retirement.
Reach out to Jeremy at 800-800-6073 or https://www.myelementwealth.com/