Mistakes
Showing 50 results of 93
How to Avoid Common Mistakes When Gifting Money to Family, Ep #231
Jan 23 2025
As the holiday season approaches, many of us find ourselves thinking about gifts. While gifts can come in many forms, monetary gifts often cause the most confusion. In this episode of Financial Symmet...
financialsymmetry.com
How to Avoid These 10 Retirement Planning Mistakes
Jan 19 2025
Many retirement planning mistakes are easily avoidable. Here are 10 to have on your radar so you don't end up running out of money in your golden years....
kiplinger.com
Are These 401(k) Myths Impacting Your Retirement Savings?
Jan 15 2025
401(k) plans are a critical tool for many Americans striving to secure their retirement. These tax-advantaged accounts often represent a significant portion of an investor’s financial future. Ho...
401kmaneuver.com
Inherited an IRA? Avoid These Common Mistakes That Can Cost You
Jan 05 2025
Don't get hit with a big tax bill thanks to an inherited IRA. Learn the rules and save....
kiplinger.com
Best Financial and Retirement Articles from 2024
Dec 24 2024
Top retirement articles covered Roth mistakes, wealth, average net worth, decision-making, rules, and more related to achieving a secure future. The post Best Financial and Retirement Articles from 20...
boldin.com
How to Avoid Common Mistakes When Gifting Money to Family, Ep #231
Dec 23 2024
As the holiday season approaches, many of us find ourselves thinking about gifts. While gifts can come in many forms, monetary gifts often cause the most confusion. In this episode of Financial Symmet...
financialsymmetry.libsyn.com
Biggest Financial Mistakes Doctors Make
Dec 15 2024
When doctors don't talk about money, they end up making the same dumb mistakes. Stop the cycle and learn from others. The post Biggest Financial Mistakes Doctors Make appeared first on The White Coat ...
whitecoatinvestor.com
The 3 Tax Mistakes That Could Cost You Thousands
Dec 12 2024
Hey FAANG FIRE! I just returned from 7 days in Oahu, Hawaii. All contributing towards my goal of increasing spend on vacation that I mentioned in my last post where I outlined my current spending. We ...
faangfire.com
Top 5 Most Avoidable Retirement Mistakes
Dec 11 2024
James breaks down five common retirement mistakes and how to avoid them for a secure and fulfilling future: Spending Wrong: Overspending risks running out of money; underspending misses out on life. B...
buzzsprout.com
Required Minimum Distribution (RMD) Tax Mistakes to Avoid
Dec 05 2024
RMD mistakes can lead to IRS penalties and in some cases, more taxable income than necessary....
kiplinger.com
Buying an Annuity? Avoid These Three Classic Mistakes
Dec 05 2024
Annuities can be a sensible option for retirement, offering steady income in your later years. But these common traps can damage your investment....
kiplinger.com
26 Costly Mistakes First-Time Homebuyers Regret (And How to Avoid Them)
Dec 01 2024
Buying your first home is an exciting journey filled with big dreams and new possibilities. It’s a major step towards building your future and creating a space that truly feels like your own. Bu...
dadisfire.com
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
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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.