S2E9: Avoiding the Retirement Trap: Hidden Medical Expenses and Insurance Gaps cover art

S2E9: Avoiding the Retirement Trap: Hidden Medical Expenses and Insurance Gaps

S2E9: Avoiding the Retirement Trap: Hidden Medical Expenses and Insurance Gaps

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Show Notes:

  • Mark Freed shares the five most common and critical retirement planning mistakes.

  • Learn why ignoring long-term care and rising healthcare costs can devastate your retirement finances.

  • Discover how Medicare premiums and inflation can silently erode your Social Security income.

  • Understand the emotional and financial toll of caregiving and how to prepare with compassion.

  • Explore the latest strategies for long-term care insurance and asset-based solutions.

  • Find out how to avoid the tax time bomb hidden in your IRA and 401(k).

  • Understand the role of Required Minimum Distributions (RMDs) and why they matter.

  • Mark explains the importance of a withdrawal strategy to maximize retirement income.

  • Discover how portfolio diversification and annuity layering can protect your nest egg.

  • Learn why a comprehensive financial game plan is the most powerful retirement tool.

Episode Chapters:

  • 00:00 – Introduction and Episode Overview

  • 00:15 – Avoiding Common Retirement Planning Mistakes

  • 00:48 – The Rising Cost of Healthcare and Medicare

  • 02:48 – Long-Term Care Planning: Why It Matters

  • 05:05 – Personal Stories and the Importance of Planning

  • 06:26 – Approaches to Long-Term Care Insurance

  • 08:09 – Tax Strategy in Retirement

  • 10:02 – Required Minimum Distributions (RMDs)

  • 12:05 – How to Avoid Running Out of Money in Retirement

  • 15:03 – Diversification and Risk Management

  • 17:21 – Mutual Funds and Portfolio Balance Risks

  • 20:01 – Retirement Planning Wrap-Up and Final Thoughts

  • 22:24 – Show Close and Disclosures

Special Offer:
Ready to take control of your retirement? Enroll in Mark Fried's Retirement Masterclass to build your own customized financial roadmap. Visit WhenCanIRetire.us and use coupon code RRFR2024 for a special discount.

Connect with Mark Fried:

https://plansmartandretirewell.com/
https://www.linkedin.com/in/mark-fried-a0b1156/

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