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Ep 9: 10 Big Money Mistakes in Retirement Planning
Manage episode 363624561 series 3403894
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In the complex world of retirement planning, there are countless pitfalls one could fall into. In this episode, we've distilled it down to what we believe are the top 5 mistakes to watch out for along with an extra bonus five that we’ll throw in.
Avoiding these crucial missteps can have a significant impact on the success of your retirement plan. So, join us as we delve into these key issues and learn how to navigate them effectively when it's your turn to plan for retirement. Plus we’ll tell you which questions you need to be asking if you’re unsure about your ability to retire.
Here’s some of what we’ll cover on this show:
- 5 of the biggest retirement mistakes that get made. (1:07)
- 5 bonus mistakes you want to avoid. (6:44)
- Questions to ask if you’re unsure about your ability to retire. (10:08)
- Mailbag question on paying off the house with savings. (15:27)
- Mailbag question on how to handle excess wealth. (16:40)
- Mailbag question on supporting an adult child. (16:36)
- Mailbag question on communication with an advisor. (18:46)
LEARN MORE:
Recent educational videos on YouTube: https://bit.ly/3CMiRbt
Schedule a meeting with Michael: https://lwsde.com/schedule-a-meeting/
Visit Michael's website for more resources: https://lwsde.com/
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