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5 Mistakes to Avoid as You Get Close to Retirement – Clear, Tax-Smart Guidance for People Close to Retirement

Are you close to retirement – or recently retired – and wondering how to dodge the biggest (and priciest) errors people make in their final working years? In this episode, Phillip Smith, CRPC®, financial planner at Tidepool Wealth Strategies, breaks it down in plain English.

What you’ll learn

00:30 Intro – why this topic matters now

01:24 Mistake #1 – getting aggressive too late

02:58 Mistake #2 – Ignoring Sequence-of-Returns risk

04:25 Mistake #3 – Overestimating retirement income

06:02 Mistake #4 – Waiting to Long to Deal With Taxes

08:46 Mistake #5 – Not Planning LIFE after Retirement

10:18 Wrap-Up and Closing

By the end, you’ll have a practical, tax-smart retirement strategy you can use right away.

Helpful Links

• Schedule a 20-minute call – https://www.tidepoolwealth.com/contact
• More videos and podcast episodes – https://www.youtube.com/@tidepoolwealth

#retirementplanning #closetoretirement #abouttoretire #taxsmartretirement #retirementadvice

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Sources:

1. Center for Retirement Research at Boston College – “Do Retirees Want to Consume More, Less, or the Same as They Age?”
   https://crr.bc.edu/do-retirees-want-to-consume-more-less-or-the-same-as-they-age/
2. Kiplinger – “How to Avoid the Widow’s Penalty After the Loss of a Spouse”
   https://www.kiplinger.com/retirement/how-to-avoid-the-widows-penalty-after-the-loss-of-a-spouse
3. U.S. Bureau of Labor Statistics – Consumer Expenditures by Age Group
   https://www.bls.gov/cex/

Thanks for tuning in to this episode of The Perfect Retirement Plan, and remember: it's not about having the smartest financial advisor, the most money saved, or the highest probability of retirement success. The perfect retirement plan, for you – is the one you act on.

Phillip Smith, CRPC AIF | Financial Planner
Tidepool Wealth Strategies
450 Country Club Road, Suite 350 | Eugene, OR | 97401

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Additional Disclosures:
The opinions contained in this material are those of the author, and not a recommendation or solicitation to buy or sell investment products. This information is from sources believed to be reliable, but Cetera Wealth Services, LLC cannot guarantee or represent that it is accurate or complete.
All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.