Mistakes
Showing 50 results of 81
What Your Will WON’T Do
Nov 04 2024
In this episode, we’re breaking down common myths about what a Will can actually take care of. A lot of people think a will covers everything, but it’s not that simple! We’ll explain...
sites.libsyn.com
Don't Make These Big Mistakes When Claiming Your Social Security Benefits
Oct 28 2024
New survey reveals that many people don't’ know their full retirement age, aren’t sure the age they are or were eligible for full retirement benefits or take benefits too early....
kiplinger.com
7 Retirement Planning Mistakes To Avoid
Oct 23 2024
Avoid these common retirement planning mistakes to ensure financial security and a fulfilling retirement. Learn strategies to avoid costly errors in your 50s and beyond....
forbes.com
7 Common Retirement Spending Mistakes To Avoid
Oct 18 2024
There’s a lot to consider when building a retirement income portfolio and avoiding common spending mistakes. Take the time to do the job right!...
forbes.com
How You Could Avoid 5 IRA & 401K Mistakes
Oct 12 2024
How much money have you saved in your IRA or 401K? Making contributions to one of these tax-deferred retirement accounts is easy. But withdrawing this money in retirement… gets complicated.&hel...
bossretirement.com
Seven 401(k) Mistakes That Could Tank Your Retirement
Oct 11 2024
401(k) mistakes like cashing out early and not taking advantage of an employer match can upend your retirement....
kiplinger.com
Four Social Security Myths Debunked
Oct 04 2024
With so many headlines surrounding Social Security these days, what is fact and what is fiction? For instance, will the program really run out of money?...
kiplinger.com
Three Major Estate Plan Mistakes to Avoid
Oct 02 2024
A complete and up-to-date estate plan can help ease your loved ones' worries and make things easier for them after you pass....
kiplinger.com
Don’t Fall for These 3 Common Medicare Myths
Oct 02 2024
Debunking 3 Medicare myths and examining the ways you can avoid falling for common Medicare mistakes....
keilfp.com
The Roth Conversion Sweet Spot: Maximize Retirement Savings (And Avoid Costly Mistakes)
Oct 01 2024
Listener Nael opens up a discussion about Roth conversions. There are benefits to doing Roth conversions, but can you do too many? Are there any downsides to Roth conversions? Reaping the tax benefits...
buzzsprout.com
Safe Withdrawal Rate Myths: Debunking 3 Common 4% Rule Mistakes
Oct 01 2024
The 4% rule helps us understand how much we can safely take out of our portfolio each year without running out of money in retirement. Yet, as simple as the 4 percent rule seems, the practical implica...
buzzsprout.com
Tax-Loss Harvesting Strategies to Maximize Your Benefit and Avoid Costly Mistakes
Oct 01 2024
Tax loss harvesting is a strategy that investors use to reduce their tax bill. However, there are many misconceptions about tax loss harvesting, including when it's valuable and how to do it ef...
buzzsprout.com
Avoiding Regrets In Retirement
Sep 27 2024
It's truly wise to learn from the mistakes of others. On this episode we discuss potential lessons that could be learned by understanding the regrets of other retirees. Glenn is available for in perso...
retirementroadmappodcast.podbean.com
14 Myths About Becoming a Millionaire (Including that It Isn’t Too Late Even After Retirement)
Sep 26 2024
For many, becoming a millionaire is a desirable (and useful) milestone. Here are 14 myths about millionaires and some tips for how to become one at any age. The post 14 Myths About Becoming a Milliona...
boldin.com
Most Common Retiree Regrets
Sep 25 2024
Every one of us can recall mistakes or regrets we have experienced at various stages of our lives. For me, ... Read more...
physicianonfire.com
Debunking 6 Social Security Retirement Myths
Sep 16 2024
Get the facts on how the Social Security program works for retirees....
kiplinger.com
454: Busting 6 Big Financial Myths for Retirement
Aug 23 2024
In a world where you have more financial information at your fingertips than ever before, it’s vital to be aware of myths, rules of thumb, and unverified guidance that isn’t geared toward ...
retirewithpurpose.com
Pension Mistakes Can Last a Lifetime: How to Avoid Them
Aug 22 2024
Which pension option is right for you? To avoid costly mistakes, here are four key factors to consider....
kiplinger.com
We're Only Human, Which Can Be a Problem for Investors
Aug 20 2024
To avoid making common financial mistakes, investors must understand how human nature can lead them astray. The funny thing is human help can be the answer....
kiplinger.com
Five Early Retirement Mistakes to Avoid
Aug 17 2024
These early retirement mistakes can douse your FIRE (Financial Independence, Retire Early) efforts....
kiplinger.com
The Top Mistakes People Make with Their 401(k)s and How to Avoid Them
Aug 15 2024
As a Chartered Financial Analyst (CFA) with over 20 years of experience in finance, including managing Investment Risk and Investment Product Teams, I’ve seen countless individuals make costly m...
dadisfire.com
Avoid this common retirement blunder
Aug 09 2024
Your clients have worked long and hard their entire adult lives to secure a comfortable retirement, so make certain they don't make one of the most common mistakes as they contemplate their options....
financial-planning.com
Get Tax Smart: Insights on Gold, Mistakes, and IRA Forms
Aug 02 2024
At Keen Wealth, "tax season" is never really over. Our checklist-driven, comprehensive planning process is constantly taking in new information about the folks we work with and changes to tax law. By ...
keenonretirement.libsyn.com
How to Avoid These 6 Costly Roth Conversion Mistakes
Jul 30 2024
Roth conversions can be an effective strategy for creating tax-free income in retirement. But Roth conversions can also get complex, and if you’re not careful it’s easy to make mistakes th...
physicianonfire.com
The Top 3 Mistakes To Avoid With Your 401(k)
Jul 27 2024
Here is what experts say are the costliest stumbles people make with their retirement savings accounts — and how to get back on course....
nytimes.com
Even Experts Don’t Always Get It Right: My Relocation Journey
Jul 26 2024
I’m sharing our Colorado relocation story. Despite a few mistakes, we're finding balance in living well now and planning for the future....
forbes.com
Passive Income and Other Money Myths
Jul 23 2024
When’s the last time you saw a headline highlighting some young person making five figures of “passive income” a month? ... Read more...
physicianonfire.com
Tread Carefully With COBRA, A Snakepit Of Problems
Jul 23 2024
One of the biggest mistakes someone about to go on Medicare can make involves COBRA - the Consolidated Omnibus Budget Reconciliation Act....
forbes.com
The Roth Conversion Sweet Spot: Maximize Retirement Savings (And Avoid Costly Mistakes)
Jul 09 2024
Listener Nael opens up a discussion about Roth conversions. There are benefits to doing Roth conversions, but can you do too many? Are there any downsides to Roth conversions? Reaping the tax benefits...
buzzsprout.com
Four Money Mistakes Even Good Grandparents Make With Grandkids
Jul 02 2024
Of course you want to spoil your grandchildren. Who doesn't? You can do it in ways that won't teach them bad habits or set unrealistic expectations, though....
kiplinger.com
Will You Make The Same Mistakes About Aging That Your Parents Did?
Jun 26 2024
Aging well is not simply a matter of luck. We do have solid research that tells us how we can make our last decades better and healthier. That takes work....
forbes.com
What Do People Get Wrong About Financial Planning? 18 Big Myths and Misconceptions
May 30 2024
Here are 18 of the worst financial and retirement planning misconceptions and easy steps you can take to overcome them today. Misconception 1: Retirement Planning is All About Your 401(k) When you ask...
newretirement.com
Finance Expert (With 820+ Credit Score) Debunks Credit Card Myths
May 21 2024
In today’s fast-paced world, understanding credit cards is crucial. Credit cards often come with misconceptions. For budget-conscious families, debunking these myths is essential. I’m goin...
dadisfire.com
5 financial mistakes to avoid in retirement
May 13 2024
You work hard to save for your retirement. To help you enjoy it and live more comfortably, here are suggestions to stay on track....
ameripriseadvisors.com
New Retirees: Avoid Costly Medicare Sign-up Mistakes
Apr 25 2024
To retire is to enter the unknown. Rick Fine has demystified one aspect of retirement: Medicare. As the director of financial planning for an advisory and investment firm, he has put together a list o...
crr.bc.edu
3 Mistakes Beneficiaries Must Avoid When Inheriting An IRA
Apr 24 2024
The new rules apply to IRA beneficiaries who received an inheritance in 2020 or later. Tax planning can help minimize the taxes you owe on your inheritance....
forbes.com
401(k) Rollover Mistakes to Avoid
Apr 23 2024
Whether you’ve lost your job or plan on changing jobs in the near future, there are common 401(k) rollover mistakes you need to be aware of. Ignore these, and a rollover could take a chunk out o...
401kmaneuver.com
Top 11 Financial Mistakes That I Have Made
Apr 19 2024
In a refreshingly candid reflection, the Prudent Plastic Surgeon discusses his financial journey, highlighting both the missteps and the incremental ... Read more...
physicianonfire.com
The 3 Tax Mistakes That Could Cost You Thousands
Apr 17 2024
Don’t Forget Tax Day Today is April 15th, Tax Day! It is one of the few times each year when everyone collectively thinks about their personal finances. If you owed a significant amount this yea...
andrenader.substack.com
15 Common Roth Conversion and Savings Mistakes People Make
Apr 12 2024
It is highly likely that you have considered saving (or converting existing savings) into a Roth IRA or 401k. Someone, a friend, family member, advisor, your bank, or colleague may have recommended it...
newretirement.com
Retirement Income Planning Mistakes
Apr 12 2024
Retirement income planning can create the foundation for a successful retirement. In this episode we discuss a few critical mistakes to avoid and strategies designed to help create long term retiremen...
retirementroadmappodcast.podbean.com
Dispelling Cost Myths of MEPs, PEPs and GoPs
Apr 10 2024
Ron Surz explains how pooled plans can cut down on costs and administrative burdens for…...
401kspecialistmag.com
Five Mistakes High-Net-Worth Individuals Make in Retirement
Apr 07 2024
Just because wealthier people have a lot of money doesn’t mean they don’t make mistakes. Here are five common ones that this financial adviser sees....
kiplinger.com
Steer Clear Of Medicare Misinformation And Avoid Costly Mistakes
Mar 12 2024
Medicare misinformation is widespread. And, if that information turns out to be wrong, the repercussions can be serious....
forbes.com
9 Money Mistakes Couples Make and How to Avoid Them
Feb 25 2024
Managing finances and money matters as a couple can be challenging. In fact, dealing with money effectively is a factor ... Read more...
physicianonfire.com
Unlocking the Ex-pat Dream: Debunking Myths and 2024's Top Destinations
Feb 14 2024
Ever dreamed about retiring to a sunny beach or quaint village in another country? How about living a life of luxury for less than $3,000 per month? In today's episode, we're debunking common myths an...
sites.libsyn.com
Safe Withdrawal Rate Myths: Debunking 3 Common 4% Rule Mistakes
Feb 07 2024
The 4% rule helps us understand how much we can safely take out of our portfolio each year without running out of money in retirement. Yet, as simple as the 4 percent rule seems, the practical implica...
buzzsprout.com
3 Things Conventional Retirement Wisdom Gets WRONG
Jan 24 2024
Sound retirement planning advice is incredibly valuable, but some of the things we might consider “conventional wisdom” in retirement planning are actually mistakes. Listen to this episode...
keilfp.com
My Top 5 Investing Mistakes and Lessons Learned
Jan 16 2024
I’ve been investing for many years now. I’ve invested in the stock, real estate, and cryptocurrencies. I’ve also worked as ... Read more...
physicianonfire.com
Encore: 6 Social Security Mistakes That Can Damage Your Retirement
Dec 18 2023
In today's encore episode, we're talking about how to avoid the six most common Social Security mistakes. Some of these mistakes can be easily corrected. However, others can result in long-term or eve...
sites.libsyn.com
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About Mistakes
There are several common mistakes that people make when planning for retirement:
Not starting to save early enough: It is important to start saving for retirement as early as possible, as this allows more time for compound interest to work in your favor.
Not saving enough: Many people do not save enough for retirement, which can lead to financial strain later on. It is important to set aside a sufficient amount of money for retirement in order to maintain your desired lifestyle.
Not diversifying investments: Diversifying your investments can help to manage risk and increase the chances of earning a positive return. Failing to diversify can leave you vulnerable to market fluctuations.
Not having a retirement plan: It is important to have a well-thought-out plan for your retirement, including how much money you need to save and how you will generate income during retirement.
Not considering healthcare costs: Healthcare costs can be a significant expense during retirement. It is important to consider how you will pay for healthcare and plan accordingly.
Not considering inflation: Inflation can erode the purchasing power of your savings over time. It is important to consider inflation when planning for retirement and to adjust your savings and spending accordingly.
Not keeping track of your retirement accounts: It is important to stay organized and keep track of your retirement accounts, including the type of accounts you have, their balances, and any fees associated with them.