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.
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Older people are full of wisdom. So, you should listen to them when they talk about their regrets and then try to avoid those mistakes. The post The 4 Biggest Regrets of the Elderly appeared first on ...
Many retirees think they have a plan when what they really have is an investment pitch dressed up as planning. This episode uncovers why that illusion is dangerous, the costly mistakes it hides, and h...
Winning the lottery may be rare, but estate tax mistakes aren't. In this episode, we use the recent $1.8 billion Powerball jackpot to highlight how generational wealth can be eroded by estate taxes an...
You've done the hard work. You saved consistently, built a seven-figure portfolio, and are ready to enjoy retirement. But even millionaire retirees can make mistakes that put their plans at risk. In t...
Financial mistakes can be costly at any age, however mistakes made in your 60's can be even more costly given there is less time to recover then in your younger years. In this episode we highlight 5 s...
You can learn a thing or two from the retirees who went before you....
Want to maximize your Social Security check? Learn the 10 most common Social Security filing errors and the steps you need to take to boost your guaranteed retirement income....
Imagine if you had the opportunity to sit down with the people who have retired successfully before you and learn from their hard-fought lessons. What were their biggest mistakes? And…...
How many of these 29 retirement planning mistakes are you making? Almost everyone fails at #4, #8, and #26. See how to fix your errors. The post The 29 Biggest Retirement Planning Mistakes and 29 Easy...
Think your tax bill disappears in retirement? Think again. It may drop for a few quiet years, until RMDs, Social Security taxation, and Medicare IRMAA kick in. That “low-tax retirement” dr...
Annuities can offer financial stability that can be quite freeing for retirees. Don't let a few myths spoil what might be a good thing for you....
There are 5 myths about filing for Social Security…that could cost you a small fortune! We set the record straight, on a special edition of Retirement Solutions Radio, “5 Big…...
Don't pay more tax on your investments than you need to. You can keep more money in your pocket (or for retirement) by avoiding these three common mistakes....
Why Medicare Advantage needs informed consent: too many seniors face surprise bills, denied care, and confusing networks with no idea what they’ve signed up for....
Even though you may feel confident because of easy access to investing information, you may be making mistakes that could compromise your long-term performance. Here's what you should know....
If my posts on the mistake of chasing value stocks or the need to invest big money to make life-changing money don’t resonate, consider hiring a financial professional to manage your portfolio. ...
Taxes on benefits haven't been eliminated, and based on current projections, the program isn't going bankrupt. Understanding the truth about Social Security and knowing what you can control can help y...
Does Roth 401k have income limits? Learn the rules, myths, and strategies high earners can use to take advantage of Roth 401k contributions. The post Does Roth 401k Have Income Limits? Rules and Myths...
Before you collect Social Security benefits, make sure you don't believe any of these falsehoods....
Jordan Frey MD, a plastic surgeon in Buffalo, NY, is one of the fastest-growing physician finance bloggers in the world. ... Read more...
Retirees might dream of selling their home, downsizing to a smaller one, and investing the extra cash for income, but the profit they pocket is often less than what they hoped for....
Navigate market volatility with confidence by aligning risk tolerance and long-term goals to avoid costly mistakes during market downturns and recoveries....
Even people with employee-sponsored retirement plans still find it difficult to save for the future when faced with present-day desires....
Insurance is one of the easiest places to overspend, and most people don’t even realize it. Bad advice, outdated assumptions, and slick marketing drive up your premiums while leaving you with le...
You’ve heard the saying “life starts at 40.” That might be true, but so do some of the biggest financial mistakes. You’re probably earning more than ever, but also juggling kid...
Retirement brings the freedom to choose how to spend your money and time. But choices made in the initial rush of excitement could create problems in future....
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...
An interview with disability insurance attorney Ben Glass, who talks about what makes for a strong disability claim, when you might need to get an attorney involved, and what mistakes he has seen docs...
Do you think you're diversified if you're invested in the S&P 500 and Nasdaq? Do you think your tax rate will fall in retirement? Think again — and read on for other myths that could be lead...
Signing up for Medicare can be complicated, and mistakes can be costly. Let's demystify these five Medicare myths to avoid expensive penalties....
Many retirees unknowingly jeopardize their financial security by making three common income-investing mistakes. Learn how bond ladders—made easier with LifeX ETFs—can help lock in predicta...
To read this story on KSL.com, click here. Have you saved at least $200,000 in IRAs and 401Ks? And are you counting on this to help you pay for retirement?…...
Before relocating in retirement, avoid these common misconceptions about downsizing....
Retirement advice is everywhere: on the news, social media, and from that coworker who’s still working at 67 “because he loves it.” The problem? A lot of it’s outdated, oversim...
Retirement should be your reward—not a financial minefield. But too many retirees make preventable money mistakes that slowly drain their savings and force tough lifestyle choices. This gallery ...
Credit cards feel convenient, until they start costing more than they’re worth. Swiping becomes second nature. It’s quick, painless, and easy to ignore. That is, until the balance creeps u...
You’ve put in the years. You’ve done the work, saved consistently, maybe even knocked out the mortgage. Now comes the part that looks easy on paper: retirement. But this is exactly where t...
If you know "the Retirement Manifesto" and Fritz Gilbert's work, you'll like this. A podcast I've been listening to about retirement planning took Fritz's published study and turned it into a good pod...
Investing isn’t rocket science, but you wouldn’t know it based on how people talk about it. Half the advice out there sounds like it’s written for hedge fund managers, not regular pe...
Okay, so who spread the rumor that savings are ‘bad, actually’ when thinking about college for kids? I’m aware that ... Read more...
Exploring how to transition from an achievement-based career to a fulfilling retirement lifestyle with author Elizabeth Zelinka Parsons....
In this episode, we shine the light on common estate planning mistakes that can derail even the best intentions. We discuss the risks of failing to update beneficiary designations and why relying sole...
By making the unconscious or subconscious conscious, now you’re empowered to do something about it. Financial planning is powerless to remedy an unknown illness....
Having money left after taxes is a good thing, but spending it without a plan? That’s where many people can go wrong. Disposable income is not the same as discretionary income. Disposable income...
There are numerous myths, rules of thumb, traditions and other shortcuts surrounding retirement planning. Fallacies and poor assumptions are behind many of them....
Saving money sounds simple, until you actually try to do it. You cut expenses, skip takeout, maybe even cancel a few subscriptions, but your account still looks the same. That’s not a discipline...
You ever hear someone say, “Retirement? I’ll figure it out later”? That’s exactly the kind of thinking that keeps people working until they’re 78. It’s not that mos...
How you can avoid the 3 biggest retirement mistakes and set yourself up for a secure and meaningful retirement....
Money stress is no joke. One minute, you’re feeling fine, swiping without a second thought. The next, you’re staring at your bank account, wondering how things went south again. Turns out,...
Retirement should be the time to enjoy life on your terms, not stress over money. But getting there takes more than wishful thinking. Without a solid plan, small missteps can turn into major financial...