Have You Made Some of These Classic Pre-retirement Mistakes?

   

On This Episode:

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”.

Show Notes: 

1:13 - Headline: 72% Of American Say They Will Prioritize Financial Planning Once Pandemic Is Over

3:15 - Classic Pre-Retiree Mistakes

4:03 - Mistake #1: Investing Like You’re In Your 20’s

5:09 - Mistake #2: Taking Social Security As Soon As Possible

6:49 - Mistake #3: Focusing On Tax Preparation Rather Than Tax Planning

8:10 - Mistake #4: Assuming The Majority Of Healthcare Expenses Will Be Covered By Medicare

9:15 - Mistake #5: Taking On Additional Risk To Make Up For Lost Time

11:20 - Mailbag: Rork Asks If His Is Getting All The Information He Needs From His Financial Advisor

Charles is taking the summer off from recording his podcasts. This podcast was originally posted on 7-2-20