5 Ways Wishful Thinking Can Damage Your Retirement (Part 1)
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5 Ways Wishful Thinking Can Damage Your Retirement (Part 1)
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A little hope is good for the soul, but when it comes to retirement planning, wishful thinking can lead to serious financial mistakes. Today, we’re walking through 5 common examples of wishful thinking that can quietly damage your retirement and how you can build a plan that protects your future instead of relying on luck. From relying on outdated rules of thumb to underestimating healthcare costs, these are the “harmless” beliefs that can become costly mistakes if left unchecked.
Here’s some of what we discuss in this episode:
💸 Why “living off interest” no longer works 📉 The risk of retiring into a market downturn 📊 The myth of being in a lower tax bracket later in life 🏥 The hidden costs of long-term care 💰 Why your spending might not go down after all
Retirement Tax Bill Calculator
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Website: https://centrusfs.com/podcast/
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Watch on YouTube: https://www.youtube.com/channel/UCOyRZhgLenTC49qNZH9mEuQ/