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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Nobody wants a letter from the IRS. Even if your taxes are spotless, there’s always that nagging thought, did you miss something? Did a simple mistake put you on the IRS radar? The Comprehensive...
Are you making the most of your wealth opportunities, or are common financial myths holding you back? In this episode, Tyson and Ryan Thacker chat with Tom Hegna, a renowned…...
Recently, I made a rather expensive financial “mistake.” Let's review the psychology and actions that led me to make this decision. The post A Die-Hard White Coat Investor Buys an Individu...
Social Security is more confusing than ever. Myths abound. Here, you’ll find a complete set of 25 facts to help you understand Social Security and its benefits....
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...
We can learn a lot from John Dutton's estate planning mistakes. Here are just a few that relate to families in general and family businesses in particular....
Committing any of these four common mistakes can set you back in your golden years. Here's how to increase your chances of a successful retirement....
Being aware of tax concerns during open enrollment season can help you avoid potentially costly mistakes....
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...
If you think an investment is too good to be true (or that it might be a Ponzi scheme), here's how you can avoid making a big money mistake. The post Don’t Invest in ‘Too Good to Be True&r...
ames responds to a question from Chris regarding restricted stock units (RSUs) and how to avoid costly mistakes when managing them. He explores whether it’s wise to hold onto company stock or di...
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...
Every one of us can recall mistakes or regrets we have experienced at various stages of our lives. For me, ... Read more...
If you're increasing your safe withdrawal rate for retirement now, you're likely making a mistake. You might be inadvertently top-ticking the market as the Fed embarks on what is likely a multi-year r...
When adult kids make financial mistakes, their parents can suffer. So, step in early to help your kids succeed, instead of letting their regrets become yours....
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....
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....
The single biggest retirement planning mistake to avoid, the problem with tax professionals, and answers to some of the most frequently asked retirement questions we get on YMYW: should you name a tru...
I’m sharing our Colorado relocation story. Despite a few mistakes, we're finding balance in living well now and planning for the future....
One of the biggest mistakes someone about to go on Medicare can make involves COBRA - the Consolidated Omnibus Budget Reconciliation Act....
One of the most common pushbacks I get from some of my investing and economy-related articles is that the stock market isn't the economy. To conflate the two could be a mistake. I agree since not ever...
Identifying the common health savings account mistakes, identifying key strategies to maximize your HSA and exploring some of the practical ways to utilize your HSA over your lifetime. If you’re...
Some retirees make an expensive mistake by trying to roll over their required minimum distributions to Roth IRAs....
I closed my mutual funds about 4 year ago which was a BIG mistake. I got caught up in the news and all the crap that was going on and started thinking that the stock market would crash. As it turned u...
Sound retirement planning advice is incredibly valuable, but some of the things we might consider “conventional wisdom” in retirement planning are actually mistakes. Listen to this episode...
Estate planning is an often overlooked topic during the financial planning process. Here's why that's a mistake....
When it comes to the question of rolling over a 401K or 403B to an IRA, many people fear making mistakes. It’s true, that retirement account mistakes can be costly. On this episode, we’ll ...
Medicare is a minefield of deadlines, penalties and the potential for disastrous mistakes. Here's how wealth managers can guide their clients to safety....
85 year old man lost $200K to romance scammers. He thinks he's fine, but he's impaired. What his kids did to protect him from repeating the mistakes about money....
The best way to avoid expensive mistakes is to be informed of potential passport pitfalls well before taking a trip. Here are a few things you need to know....
Buying real estate with someone other than a spouse can be a costly mistake. A cohabitation agreement will make it easier if the relationship goes south....
Debt consolidation can save you money by paying off debt sooner — if you avoid certain mistakes. Key Ideas Debt consolidation can be a powerful tool to get out of debt faster. Even if you're fin...
Your retirement plan can stay on track when you avoid these big mistakes....
Most travellers use the capital city of Croatia, Zagreb as a stop-over on the way to more exciting destinations like Split, Dubrovnik, Hvar or Plitzvice. But that’s a mistake, because even thoug...