The Financial Answer

Financial planning guidance from West Tennessee’s Nathan O’ Bryant.

Are You Sabotaging Your Own Retirement With These Mistakes?

Posted on December 19th, 2019

There are so many aspects of our financial life that we can’t control so why would we fail to take care of the things we can? Today we’re going to look at the mistakes people make that hurt their financial health and explain what you can do to avoid them.

 

Show Notes and Additional Resources: https://thefinancialanswer.com/podcasts/are-you-sabotaging-your-own-retirement-with-these-mistakes/

 

Today's Rundown: 

0:38 – We’re getting ready for the holidays.  

2:32 – The market rebounded to over 28,000. What news is impacting the market?

5:11 – Today we’re talking about self-sabotaging our retirement.  

6:05 – First thing we do is obsess over the short term ups and downs of the market.

9:58 – Taking Social Security as early as possible could cost you a lot of money.

11:41 – We look at Social Security on its own but determine what claim works best for you.

12:54 – Pretending like long-term care or nursing home care isn’t going to impact you.

15:41 – We don’t honestly evaluate how much money we need for the lifestyle we want to have in retirement.

17:10 – The last thing we do is assume we’ll always love our job and nothing will change that.