What are 7 money mistakes made by those over 50?
Manage episode 438456442 series 3562735
Are you over 50 and concerned about your financial future? Tune in to this episode of the Ask Ralph Show with Ralph Estep Jr. as he covers common money mistakes that people over 50 usually face. What are 7 money mistakes made by those over 50? With Ralph Estep, Jr.
In this episode of the Ask Ralph show, host Ralph Estep, Jr. addresses the financial anxieties of those over 50 by identifying and providing solutions to 7 common money mistakes that can derail retirement plans. Ralph emphasizes the importance of having a diversified retirement plan, accurately estimating healthcare costs, avoiding new debt, setting boundaries with adult children, prioritizing estate planning, adjusting investment strategies, and planning for taxes in retirement. He shares real-life client stories to illustrate these pitfalls and offers strategies to avoid them.
00:00 Episode Overview
01:11 Listener's Question
02:21 Exploring Finance Through a Christian Perspective
03:00 Bible Verse
03:46 7 Money Mistakes That Could Derail Your Retirement
04:11 Real-Life Stories of Financial Mistakes
13:40 Strategies to Avoid Financial Pitfalls
17:59 Recap and Final Thoughts
18:40 Conclusion
Episode mentioned in the show (Where should you pull money from first in retirement to optimize your taxes?)
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561 episodes