On this episode of Rock On Retirement, Coach Pete covers the misconceptions of financial planning. The hosts discuss the origins of the phrase 'keeping up with the Joneses' and reminisce about comic strips. They then move on to the first misconception of money: the belief that more money leads to happiness. The second misconception discussed is the idea that one doesn't need to save for retirement at a young age. They also emphasize the importance of starting early and provide examples of the impact of compound interest.

If you have questions about taxes in retirement, or if you want a second opinion on your retirement plan, contact Coach Pete and the team at Capital Financial call 800-456-7577 or visit RockOnRetirement.com.