EP 186: The Wealth Illusion: More Likely to Misjudge Retirement Preparedness

2023-07-11

Download 162

Many Americans are mistaken about their financial preparedness for retirement. But overconfidence skews higher for the wealthy than for others, according to a new report. It is believed that booming stock and housing markets may have contributed to a "wealth illusion" among high-income households. In this episode, Nick Hopwood, CFP® and Preston Gee, CFP® of Peak Wealth Management discuss the importance of taking multiple factors into consideration while planning for retirement- including m...

Many Americans are mistaken about their financial preparedness for retirement. But overconfidence skews higher for the wealthy than for others, according to a new report.

It is believed that booming stock and housing markets may have contributed to a "wealth illusion" among high-income households.

In this episode, Nick Hopwood, CFP® and Preston Gee, CFP® of Peak Wealth Management discuss the importance of taking multiple factors into consideration while planning for retirement- including market fluctuations to unexpected expenses, and changes in personal circumstances. Professional financial advice, proper planning, and regular assessment of retirement strategies can help make more accurate assessments of retirement preparedness.

—

Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind. Visit our website at www.peakwm.com

Comments (3)