Pre-Retiree Mistakes to Avoid

No one wants to make mistakes, but we’re all human. It’s going to happen to all of us, and we see pre-retirees make many of the same mistakes with their finances. Our role as financial advisors is to not pass judgment and make you feel bad about those mistakes, but to help you right the ship and get back on the correct path.

In this episode, we’ll discuss some of the most common mistakes and talk about how we help people avoid them. It’s important to remember that it’s not about the mistake but rather how you react to it. If we can help you recognize the problems and help you make a different decision, you’ll be able to continue to get a little better with your finances.

 

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

• People continue to invest like they’re in their 30s even though they are approaching retirement.
• How to determine when you should be claiming Social Security.
• Why tax planning is more important for long-term success than tax preparation.
• Can you assume that your healthcare needs are going to be covered by Medicare?
• Why you shouldn’t take on more risk to play catch-up if you feel you’re falling behind.

 

About Retirease Radio:

Retirease Radio is hosted by Victor J. Medina, a Certified Elder Law Attorney (CELA®) and a Certified Financial Planner (CFP™). Founder of Medina Law Group & Palante Wealth Advisors, Victor and his companies are dedicated to empowering people through education about estate planning and their finances.

Connect:

Medina Law Group: https://www.jerseyestateplanning.com/ 

Palante Wealth Advisors: https://palantewealth.com/