Mistakes
Showing 50 results of 114
CFA Institute: 20 Common Investing Mistakes That Could Crush Your Portfolio
Mar 27 2025
Investing is one of the best ways to build wealth, but that doesn’t mean it’s easy. The market doesn’t care about emotions, hype, or shortcuts, and bad habits can do serious damage t...
dadisfire.com
Social Security And The DOGE Chaos: 3 Biggest Myths – What Is Reality & What To Expect Going Forward
Mar 25 2025
Let’s look at the 3 biggest Social Security myths and what we can expect in the future because of DOGE....
forbes.com
? 10 Myths and Misconceptions About Social Security (AARP Article - updated)
Mar 25 2025
FROM THE ARTICLE: 10 Social Security Myths That Refuse to Die. The program is going broke, the retirement age is 65, and other common misconceptions. By Andy Markowitz, AARP. Published August 25, 2020...
community.aarp.org
Key IRA Rollover Mistakes You Must Avoid
Mar 24 2025
The rollover is the most frequent IRA transaction, but mistakes are common, leading to unnecessary taxes and penalties....
forbes.com
489: Freedom After 50: The 4 Myths of Security Keeping You Stuck Today and Fearful of Tomorrow
Mar 14 2025
For decades, you’vebeen told that security is the key to a successful life; Work hard, save wisely, and one day, you’ll be able to retire with peace of mind. But what if the very idea of s...
retirewithpurpose.com
Want to Save More? Stop Making These 20 Financial Mistakes Now
Mar 12 2025
Saving money isn’t complicated, but a lot of people still struggle with it. Paychecks come in, bills get paid, and somehow, there’s never enough left over. The problem isn’t always i...
dadisfire.com
10 Myths That Exist Around Women's Wealth, Ep #235
Mar 12 2025
We're spotlighting women's wealth in honor of International Women's Day and Women's History Month. Join us as we dig into some of the stats surrounding women's financial empowerment. From the rising n...
financialsymmetry.libsyn.com
Retirement Mistakes You’d Change If You Could.
Mar 11 2025
Hello everybody, on Facebook I always see these ads for retirement mistakes people make, and how to avoid them. And when you click on it, it’s always some stupid ad for a financial advisor, to m...
reddit.com
Credit Score Myths vs. Reality: What Really Matters According To Credit Expert
Feb 28 2025
Let’s talk credit scores. Most people either ignore them or assume they’re some kind of scam. The truth? They’re just a tool, and if you understand how they work, you can make them w...
dadisfire.com
401(k) Mistakes to Avoid in Your 40s and 50s
Feb 26 2025
Your 40s and 50s are often the prime years for building wealth, but too many people may make avoidable mistakes with their 401(k)s – mistakes that could cost them in retirement. Whether it&rsquo...
401kmaneuver.com
4 Common and Costly Tax Prep Mistakes That Your Advisor Can Help You Avoid
Feb 26 2025
The words “fun” and “taxes” probably don’t go together in your mind. But, as I mention on today’s episode, they do at Keen Wealth! Helping folks be good stewards of...
keenonretirement.libsyn.com
23 Debt Payoff Mistakes That May Keep You Broke (And How to Fix Them)
Feb 25 2025
Paying off debt sounds simple, just spend less and make bigger payments. But in reality, most people end up frustrated, watching their balances barely shrink. The problem isn’t just owing money,...
dadisfire.com
Five Retirement Myths vs the Reality
Feb 23 2025
Believing these myths about retirement could set you down the wrong path. Separating fact from fiction can help you approach your retirement with confidence....
kiplinger.com
How to Avoid These Five Costly Tax Mistakes That Many Retirees Make
Feb 22 2025
Making incorrect assumptions about tax brackets, tax-loss harvesting, charitable giving, estate taxes and more can cost you big-time in retirement....
kiplinger.com
Five Annuity Mistakes to Avoid
Feb 21 2025
Annuities are becoming more popular but if you choose the wrong one it could create a liquidity problem....
kiplinger.com
Raising Kids Does Not Need To Be Expensive: 19 Money Mistakes Parents Should Avoid
Feb 15 2025
People love to say that raising kids costs a fortune. That’s only true if you decide to make it true. The real problem isn’t diapers or school supplies, it’s oversized houses, expens...
dadisfire.com
Three Common Cash Flow Mistakes and How to Fix Them
Feb 15 2025
Better cash flow management could have a bigger impact on your retirement savings than simply making more money. Here's how to manage that....
kiplinger.com
15 Myths About 529 Plans That Stop Parents (and Grandparents) From Using Them Right
Feb 13 2025
529 plans are way more flexible than people realize, and if you know the rules, there are smart ways to use those funds without getting hit with penalties. Considering that as of June 2024, there were...
dadisfire.com
Seven Biggest Financial Planning Myths: How Many Do You Believe?
Feb 07 2025
Wisdom comes in all shapes and sizes, but not all of it is true, especially when it comes to these seven retirement financial planning myths....
kiplinger.com
Ep 391: 401(k) Mistakes You Need to Avoid
Feb 04 2025
Saving in your 401(k) can be an easy and painless way to build your retirement savings. But because it’s so easy and painless, it can also be easy to ignore for long periods of time, which often...
mysmartretirement.flemingfinancialservices.com
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
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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.