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5 Big Money Mistakes In Retirement Planning

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Manage episode 365518864 series 2891513
Content provided by Scott Sierens. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Scott Sierens or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

No one enjoys making mistakes, as they can result in wasted time and money and cause significant stress and frustration. In the complex world of retirement planning, there are countless pitfalls one could fall into if you aren’t properly prepared. In this episode, we’re going talk about the top 5 money mistakes that Scott often sees in retirement planning and how to avoid making them.

Here's what we’ll discuss in this episode:

  • Start strategizing about your future taxes in retirement. (3:13)
  • Utilize efficient investments in the right buckets. (7:40)
  • Should you be considering Roth conversions? (8:57)
  • Taking Social Security too early. (12:13)
  • The importance of having a clear purpose going into retirement. (17:45)
  • Planning for health care expenses in retirement. (20:03)
  • Being too conservative going into retirement. (22:38)

Want to get in touch?

Web: https://sierensfinancialgroup.com/

Email: office@sierensfinancialgroup.com

Phone: 847-235-6989

Read more and get additional financial resources here: http://lifemoneyshow.com

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

Social Security Guide: http://lifemoneyshow.com/socialsecurity/

Life of Tax Article: https://www.self.inc/info/life-of-tax/#:~:text=Key%20statistics,(%241%2C571%2C244)%20spent%20on%20taxes

Medicare Episode: https://five.libsyn.com/episodes/view/26813553

  continue reading

146 episodes

Artwork
iconShare
 
Manage episode 365518864 series 2891513
Content provided by Scott Sierens. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Scott Sierens or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

No one enjoys making mistakes, as they can result in wasted time and money and cause significant stress and frustration. In the complex world of retirement planning, there are countless pitfalls one could fall into if you aren’t properly prepared. In this episode, we’re going talk about the top 5 money mistakes that Scott often sees in retirement planning and how to avoid making them.

Here's what we’ll discuss in this episode:

  • Start strategizing about your future taxes in retirement. (3:13)
  • Utilize efficient investments in the right buckets. (7:40)
  • Should you be considering Roth conversions? (8:57)
  • Taking Social Security too early. (12:13)
  • The importance of having a clear purpose going into retirement. (17:45)
  • Planning for health care expenses in retirement. (20:03)
  • Being too conservative going into retirement. (22:38)

Want to get in touch?

Web: https://sierensfinancialgroup.com/

Email: office@sierensfinancialgroup.com

Phone: 847-235-6989

Read more and get additional financial resources here: http://lifemoneyshow.com

Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ

Social Security Guide: http://lifemoneyshow.com/socialsecurity/

Life of Tax Article: https://www.self.inc/info/life-of-tax/#:~:text=Key%20statistics,(%241%2C571%2C244)%20spent%20on%20taxes

Medicare Episode: https://five.libsyn.com/episodes/view/26813553

  continue reading

146 episodes

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