Welcome to part two of our series about retirement planning mistakes. Last time, we talked about the pitfalls of ignoring tax implications, failing to diversify your investments, and procrastinating when starting your investments. On today’s show, we’ll share seven more mistakes people often make when planning their retirement.
Are you relying solely on your employer-sponsored retirement plan? Have you not adjusted your retirement budget for inflation? Avoiding these crucial missteps can have a significant impact on the success of your retirement plan. As you listen, take note if you are making any of these mistakes.
No matter the problem, we’ll help you recognize the errors and discuss how to correct them. So, join us as we delve into these key issues and learn how to navigate them effectively when it’s your turn to plan for retirement.
In this episode, we’ll share:
- Relying solely on employer-sponsored retirement plans. [1:34]
- Not adjusting your retirement budget for inflation. [5:22]
- Assuming you won’t live a long life. [8:09]
If you have any questions about how you can better prepare for your retirement future, don’t hesitate to reach out to Michael Schulte for help.
He’s a Financial Advisor and Certified Business Exit Planner at WestPac Wealth Partners. His daily mission is to help families and business owners make smart financial decisions so they can live on their own terms for the rest of their lives, regardless of what life events and opportunities come their way.
Call Michael at 702-767-4897 with any of your questions or email michael.schulte@westpacwealth.com.
