Ep 7: 5 Classic Pre-Retiree Mistakes

Wealthy Habits Podcast

English - July 16, 2020 09:00 - 20 minutes - 29.5 MB
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Previous Episode: Ep 6: Annuities - What You Really Need to Know

Next Episode: Ep 8: Are You Clinging to False Hope for Retirement?

There are some financial planning blunders that are interesting to talk about but are quite rare in reality. On the other hand, there are some financial planning mistakes that happen far too often. Let’s talk about the mistakes so many people have made in the past it has made them “classic”.

Read more and get additional financial resources here: https://www.truefinancialpartners.com/ep-7-5-classic-pre-retiree-mistakes/

Today's show schedule:

2:42 – 1st mistake: Investing at age 59 the same way you did at 39.

7:10 – 2nd mistake: No plan or strategy for claiming Social Security.

11:20 – 3rd mistake: Focused on tax preparation but not tax planning.

14:01 – 4th mistake: Assuming that all your healthcare needs will be covered by Medicare.

15:45 – 5th mistake: Taking on more risk to make up for lost time.