In this episode, we discuss the top five retirement mistakes and how to avoid them, with expert insights from financial advisors Jim Martin & Casey Bibb. Topics include claiming Social Security too early, the importance of a withdrawal strategy, underestimating inflation and healthcare costs, balancing investment strategies, and planning for taxes in retirement. A personal story underscores the importance of comprehensive financial planning. The show also touches on current developments in AI technology and a fun discussion about getting a new Tesla.
In this episode, we discuss the top five retirement mistakes and how to avoid them, with expert insights from financial advisors Jim Martin & Casey Bibb. Topics include claiming Social Security too early, the importance of a withdrawal strategy, underestimating inflation and healthcare costs, balancing investment strategies, and planning for taxes in retirement. A personal story underscores the importance of comprehensive financial planning. The show also touches on current developments in AI technology and a fun discussion about getting a new Tesla.
http://retiresmartscore.com <- Get your retirement score!
http://retirewithmartin.com/ <- Learn about working with Jim
www.planwellretirehappy.com
00:00 Introduction: Avoiding Big Retirement Mistakes
00:46 Guest Introduction: Casey Bibb Joins the Podcast
01:20 Mistake #1: Claiming Social Security Too Early
04:14 Mistake #2: Lacking a Withdrawal Strategy
06:12 Mistake #3: Underestimating Inflation and Healthcare Costs
10:10 Mistake #4: Investing Too Conservatively or Aggressively
12:30 Mistake #5: Failing to Plan for Taxes in Retirement
15:52 Bonus Tip: The Power of Having a Financial Plan
16:04 Personal Story: The Importance of Planning
19:54 AI and Financial Planning: A New Frontier
26:34 Conclusion: Plan Well, Retire Happy
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