Equipping Points:
Retirement is often viewed as a golden era of relaxation and enjoyment, but it can also be riddled with misconceptions that can lead to financial pitfalls. Many people fall into the trap of wishful thinking when it comes to what they expect will happen in retirement, but a successful retirement isn’t built on hope and assumptions. In this episode, Eric sheds light on these common myths and offers practical strategies for effective retirement planning.
This conversation can serve as a wake-up call for those approaching retirement without doing any proper planning. By addressing these myths and implementing sound financial strategies, individuals can enhance their retirement readiness and secure a more stable financial future.
Here’s some of what we discuss in this episode:
- Can retirees live off the interest generated by their investments in retirement?
- Many people think they’ll be in a lower tax bracket in retirement but is that reality?
- Once you stop working, many expenses will no longer be necessary, but does that mean you’ll end up spending less overall in retirement?
- People are often shocked at the cost of healthcare when it comes out of their own pocket.
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
Today’s Takeaway:
Related Episodes:
Watch Out For These Financial Half Truths
Financial Lies We Tell Ourselves
Unasked Retirement Questions You Shouldn’t Ignore
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