6 Downsizing Myths to be Aware of in Retirement
Before relocating in retirement, avoid these common misconceptions about downsizing....
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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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 A lot of it’s outdated, oversim...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...
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...
Let’s look at the 3 biggest Social Security myths and what we can expect in the future because of DOGE....
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...
The rollover is the most frequent IRA transaction, but mistakes are common, leading to unnecessary taxes and penalties....
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...
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...
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...
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...
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...
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...
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,...
Believing these myths about retirement could set you down the wrong path. Separating fact from fiction can help you approach your retirement with confidence....
Making incorrect assumptions about tax brackets, tax-loss harvesting, charitable giving, estate taxes and more can cost you big-time in retirement....
Annuities are becoming more popular but if you choose the wrong one it could create a liquidity problem....
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...
Better cash flow management could have a bigger impact on your retirement savings than simply making more money. Here's how to manage that....
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...
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....
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...
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...
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....
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...
Don't get hit with a big tax bill thanks to an inherited IRA. Learn the rules and save....
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...
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...
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 ...
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 ...
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...
RMD mistakes can lead to IRS penalties and in some cases, more taxable income than necessary....
Annuities can be a sensible option for retirement, offering steady income in your later years. But these common traps can damage your investment....
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...
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...