Optimizing Your Financial World - Episode 34 (Six Big In-Retirement Money Mistakes and How to Avoid Them)
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Optimizing Your Financial World - Episode 34 (Six Big In-Retirement Money Mistakes and How to Avoid Them)
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About this listen
Even if you’ve done excellent planning for your golden years, it’s possible to make mistakes once you’re in retirement that can prove to be costly.
On the latest episode of Optimizing Your Financial World, we’re examining some of the big mistakes that retirees tend to make along with potential solutions and, even better, ways to avoid making them in the first place.
Chapters:
0:00 - Introduction and overview on the topic of the day
1:31 - Many people aren't aware of the financial risks that exist after they retire
3:41 - The common mistake of overspending
7:05 - Avoiding 'money talks' with family members
9:57 - Using the 'wrong' withdrawal strategy for income
12:53 - Stop making investing your part-time hobby
15:36 - Being aware of the different scamming techniques out there
18:01 - How to combat scammers in today's day and age
20:55 - Just because you enter retirement, doesn't mean you should enter auto-pilot
22:57 - How to get in touch with Mark and his team
24:03 - Closing remarks