Financial Fact or Myth? An Analysis of Commonly Accepted Financial Myths

There is an old political saying that goes something like, “Everyone's entitled to their own opinion, but not their own facts", which has plenty of merit in the world of finance, too. All of us have heard different opinions about money at one point or another in our lives. Whether watching TV, reading articles, or getting advice from friends and family, financial myths are rampant. With all this conflicting yet often well-intended information, it can be difficult to separate fact from fiction. In this webinar, Financial Advisor Joseph Fitzgerald, RICP, and Jeffrey Baumann, MBA, explore commonly held financial myths, examine why they aren't necessarily true, and discuss how falling for them can prevent you from achieving your optimal personal economy.

Speaker: Jeff Baumann and Joe Fitzgerald

Jeffrey R. Baumann, Financial Professional, MBA:



A graduate of Champlain College & Rutgers Business School, Jeff began his career in financial services back in 2007 while on Wall Street working for industry leader J.P. Morgan Chase & Co. The Great Recession afforded him the opportunity to see first hand how traditional planning, products, and strategies failed an entire generation of Americans and caused him to realize that something was missing from his career. It wasn’t until 2013, when he was recruited to join Northeast Financial Network (NEFN), that he realized his passion was in making a positive impact on others’ lives both personally and professionally.



Through their unique approach and family-oriented planning process based on trust, integrity, and sound financial principles, Joe & Jeff's goal is to provide their clients with the information and tools to help them reach financial confidence by implementing strategies that help build wealth while also protecting against wealth eroding factors such as taxes, inflation, financial disorganization, unnecessary fees, and expenses. They take a macroeconomic approach to planning that coordinates all of their clients’ financial decisions though the use of a comprehensive economic model.

Joseph Fitzgerald, Financial Advisor, RICP®:



Joe began his career with Northeast Financial Network (NEFN) shortly after graduating from Ramapo College. He has been recognized many times over for his accomplishments and dedication to his clients, qualifying every year since 2011 for both National Leader's Club and Million Dollar Round Table (MDRT). Since 2013, he has been a part of his firm's mentoring team for new advisors, helping them learn and grow their career while continuing to grow his own team, client base, and expertise. In 2018 he obtained his Retirement Income Certified Professional designation, which focuses on key retirement issues such as income gaps, taxation, asset management, and estate planning.

Additional Info

Through our unique planning process, our goal is to provide clients with the information and tools to help them reach financial confidence by implementing strategies that help build wealth while also protecting against wealth eroding factors such as taxes, inflation, financial disorganization, unnecessary fees, and expenses. Our firm takes a macroeconomic approach to planning and coordinates all of your financial decisions though the use of a comprehensive economic model.

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