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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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...
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....
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....
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!...
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...
401(k) mistakes like cashing out early and not taking advantage of an employer match can upend your retirement....
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?...
A complete and up-to-date estate plan can help ease your loved ones' worries and make things easier for them after you pass....
Debunking 3 Medicare myths and examining the ways you can avoid falling for common Medicare mistakes....
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...
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...
 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...
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...
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...
Every one of us can recall mistakes or regrets we have experienced at various stages of our lives. For me, ... Read more...
Get the facts on how the Social Security program works for retirees....
Which pension option is right for you? To avoid costly mistakes, here are four key factors to consider....
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....
These early retirement mistakes can douse your FIRE (Financial Independence, Retire Early) efforts....
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...
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....
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 ...
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...
Here is what experts say are the costliest stumbles people make with their retirement savings accounts — and how to get back on course....
I’m sharing our Colorado relocation story. Despite a few mistakes, we're finding balance in living well now and planning for the future....
When’s the last time you saw a headline highlighting some young person making five figures of “passive income” a month? ... Read more...
One of the biggest mistakes someone about to go on Medicare can make involves COBRA - the Consolidated Omnibus Budget Reconciliation Act....