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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Which pension option is right for you? To avoid costly mistakes, here are four key factors to consider....
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...
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...
Most healthcare providers don't learn basic marketing principles during training. This lack of knowledge can cause a financial setback. The post Are You Making This Costly Marketing Mistake in Your Me...
Here is what experts say are the costliest stumbles people make with their retirement savings accounts — and how to get back on course....
When’s the last time you saw a headline highlighting some young person making five figures of “passive income” a month? ... Read more...
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...
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....
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....
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...
You work hard to save for your retirement. To help you enjoy it and live more comfortably, here are suggestions to stay on track....
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...
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....
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...
In a refreshingly candid reflection, the Prudent Plastic Surgeon discusses his financial journey, highlighting both the missteps and the incremental ... Read more...
Retirement income planning can create the foundation for a successful retirement. In this episode we discuss a few critical mistakes to avoid and strategies designed to help create long term retiremen...
Ron Surz explains how pooled plans can cut down on costs and administrative burdens for…...
Just because wealthier people have a lot of money doesn’t mean they don’t make mistakes. Here are five common ones that this financial adviser sees....
Medicare misinformation is widespread. And, if that information turns out to be wrong, the repercussions can be serious....
Managing finances and money matters as a couple can be challenging. In fact, dealing with money effectively is a factor ... Read more...
Medicare requires that nearly all workers sign up for the program during a seven-month Initial Enrollment Period (IEP) that includes the three months before, the month of, and the three months followi...
Ever dreamed about retiring to a sunny beach or quaint village in another country? How about living a life of luxury for less than $3,000 per month? In today's episode, we're debunking common myths an...
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...
Around 96% of retirees are making this mistake, researchers found....
I’ve been investing for many years now. I’ve invested in the stock, real estate, and cryptocurrencies. I’ve also worked as ... Read more...
If you are over 65 and retiring or losing your job in the near future, here is one resolution you must make. Resolve to enroll in Medicare Part B, medical insurance....
In today's encore episode, we're talking about how to avoid the six most common Social Security mistakes. Some of these mistakes can be easily corrected. However, others can result in long-term or eve...
Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Spotify Podcasts” or read below for How to Improve Your Relationship With Yo...
“Don’t hire a financial advisor, it’s expensive” I see posts like this all the time But… what if the mistakes you make are way, way more costly than the advisor? Sure, I...
Looking back on my life at age 64, I realize I have made many financial mistakes, as have many of ... Read more...
Reveals The Twelve Most Common Investment Mistakes That Separate You From Financial Security Key Ideas Discover how you can make more by risking less. Reveals the dangerous deception hiding behind his...
In an ideal marriage, both spouses want the best for each other. This includes a comfortable retirement. Unfortunately, there is one 401(k) mistake married couples make without even realizing they are...
 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...
Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Google Podcasts” or read below for How to Secure the Right Path to Your Reti...
On your journey to reach your ideal retirement stock options can be a valuable tool to have in your arsenal. However, it’s easy to make mistakes with them since it’s not like there’s...
There’s a misconception that exploring the world on your own, whether as a tourist or expat, is uncommon for older single women. Here's why that isn't the case....
Have you ever said “If I'd only know . . . I would have never done that!” If so, don't beat yourself up too much because you sometimes simply don't know what you don't know. On this episod...
There is no shortcoming of bad tax advice on social media. It feels like everyday I see a new post, video, etc. with some fragmented piece of tax advice that is so far away from how it works in the re...
A Health Care Proxy is a critical legal and estate planning document that everyone should prepare and sign. But you also need to take additional practical steps to facilitate its use....
During the estate administration process, it is easy to see where the decedent veered off course. Often the fix was inexpensive and could have saved their heirs lots of money in legal fees....
In this article, we take a look at the 15 biggest retirement mistakes you will regret forever. For more such retirement mistakes, go to 5 Biggest Retirement Mistakes You Will Regret Forever. Retiremen...
With Medicare, what you think you know can hurt you....
Should you work with an attorney to write your will, or can you do it yourself? That depends on a number of things, including where you live....
There is a lot of advice out there, and a lot of it is wrong. Financial myths abound everywhere – ... Read more...
January 28, 2023– Myths, misunderstandings, and just plain faulty thinking occur in retirement, just like they do in every other phase of life. But unlike earlier stages in our careers, where th...
How much money have you saved in your IRA and 401K? Making contributions to one of these tax-deferred retirement accounts is the easy part. But withdrawing this money in retirement gets complicated. T...
January 11, 2022 — Millions of American retirees follow the example of their avian friends – they head south to snowbird when winter temperatures cool. Not all of them fly of course, about...