6 Retirement Blunders Millionaires AVOID
According to a 2024 Gallup poll, 74% of retired Americans have enough money to live comfortably- and no, you don’t need to be a millionaire to get there. But there are some mistakes you can actively avoid to steer your financial future in the right direction. In today’s conversation, Charles and Marc will cover 6 retirement blunders that successful American millionaires tend to avoid.
At the end of this episode, Charles will answer a listener’s question about whether to pay off debt or invest funds from a medical settlement. Tune in for practical insights on making smarter financial choices for your future!
How many of these retirement blunders are you guilty of?
Here’s some of what we discuss in this episode:
0:00 – Intro
1:35 – Investing too conservatively in retirement
4:13 – Forgetting about healthcare costs
9:38 – Spending too much on housing
12:41– Sinking too much money into a car
15:17 – Funding grown children’s lifestyles
17:49 – Mismanaging RMDs
19:32 – Listener question
Click HERE to check out the article that inspired today's show
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