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Money Mistakes You'll Regret and How to Avoid Them

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Manage episode 380938593 series 2712818
Content provided by Michael Schulte. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Michael Schulte 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.

Ever wish you could foresee financial missteps before they happen? On today’s episode explore some real-life stories of regret and arm yourself with the essential dos and don'ts to ensure your money works for you, not against you.

A lot of the things we’re going to be talking could make you lose over the long run, but we want to share what we’ve learned over years of helping people with their planning. By learning from the mistakes of others, we can hopefully prevent doing many of these same things.

Here’s some of what we discuss in this episode:

  • The penalties and taxes that you incur with early IRA withdrawals can be costly.
  • Too many people increase their expenses along with a rise in their income
  • What options do you have to help your kids with tuition without risking your own retirement?
  • The different ways retiring too early could cost you.
  • Why you should be looking into Roth options now.

Learn more: https://caffeinecashflow.com/

Get in touch with Michael-

Web: https://www.westpacwealth.com/team/michael-schulte

Email: michael.schulte@westpacwealth.com

Phone: 702-767-4897

  continue reading

77 episodes

Artwork
iconShare
 
Manage episode 380938593 series 2712818
Content provided by Michael Schulte. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Michael Schulte 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.

Ever wish you could foresee financial missteps before they happen? On today’s episode explore some real-life stories of regret and arm yourself with the essential dos and don'ts to ensure your money works for you, not against you.

A lot of the things we’re going to be talking could make you lose over the long run, but we want to share what we’ve learned over years of helping people with their planning. By learning from the mistakes of others, we can hopefully prevent doing many of these same things.

Here’s some of what we discuss in this episode:

  • The penalties and taxes that you incur with early IRA withdrawals can be costly.
  • Too many people increase their expenses along with a rise in their income
  • What options do you have to help your kids with tuition without risking your own retirement?
  • The different ways retiring too early could cost you.
  • Why you should be looking into Roth options now.

Learn more: https://caffeinecashflow.com/

Get in touch with Michael-

Web: https://www.westpacwealth.com/team/michael-schulte

Email: michael.schulte@westpacwealth.com

Phone: 702-767-4897

  continue reading

77 episodes

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