Show Notes:

• Discover why retirement planning today is more complex than it was for previous generations — and what that means for your strategy.

• Learn the key pillars of a solid retirement income plan, including Social Security, investments, annuities, and tax efficiency.

• Explore the importance of starting early and how compound planning benefits your financial future.

• Understand how to avoid common tax pitfalls that could eat into your retirement savings.

• Get tips on leveraging guaranteed income streams like annuities and how to choose the right one for your needs.

• Hear real-world examples of how life changes — from illness to relocation — impact retirement plans.

• Learn why a team-based approach to retirement planning can lead to more comprehensive, personalized strategies.

• Find out how to align your investment risk with your comfort level to avoid costly emotional decisions.

• Discover the importance of updating your plan regularly to reflect life's inevitable changes.

• Gain actionable advice on how to select a financial advisor who truly understands your goals and risks.

Special Offer:
Ready to take control of your retirement? Enroll in Mark Fried's Retirement Masterclass to build your own customized financial roadmap. Visit WhenCanIRetire.us and use coupon code RRFR2024 for a special discount.

Why Listen?
If you're nearing retirement or already retired, this episode offers actionable advice to help you protect your savings, manage taxes, and ensure your money lasts. Tune in now and start building the retirement plan you deserve!

Connect with Mark Fried:

https://plansmartandretirewell.com/
https://www.linkedin.com/in/mark-fried-a0b1156/

1. Introduction to the evolving landscape of retirement and why traditional strategies no longer apply.

2. Why 76% of baby boomers plan to work during retirement and what that means for income planning.

3. The critical impact of longevity on retirement savings and how to prepare for 30+ year retirements.

4. Actionable budgeting strategies to understand your retirement needs and expenses.

5. How to optimize Social Security and avoid costly mistakes that reduce long-term benefits.

6. Understanding tax implications of 401(k)s, IRAs, and how to manage taxes in retirement.

7. The lingering effects of the 2008 financial crisis on current retirees and how to recover smartly.

8. Health care planning essentials: the rising costs, Medicare limitations, and long-term care strategies.

9. Investment diversification tips: balancing market exposure with reliable income generation.

10. Why creating a written retirement plan is your most powerful tool for financial peace of mind.

Special Offer:
Ready to take control of your retirement? Enroll in Mark Fried's Retirement Masterclass to build your own customized financial roadmap. Visit WhenCanIRetire.us and use coupon code RRFR2024 for a special discount.

Why Listen?
If you're nearing retirement or already retired, this episode offers actionable advice to help you protect your savings, manage taxes, and ensure your money lasts. Tune in now and start building the retirement plan you deserve!

Connect with Mark Fried:
https://plansmartandretirewell.com/
https://www.linkedin.com/in/mark-fried-a0b1156/

Show Notes:

• Mark Freed shares the five most common and critical retirement planning mistakes.

• Learn why ignoring long-term care and rising healthcare costs can devastate your retirement finances.

• Discover how Medicare premiums and inflation can silently erode your Social Security income.

• Understand the emotional and financial toll of caregiving and how to prepare with compassion.

• Explore the latest strategies for long-term care insurance and asset-based solutions.

• Find out how to avoid the tax time bomb hidden in your IRA and 401(k).

• Understand the role of Required Minimum Distributions (RMDs) and why they matter.

• Mark explains the importance of a withdrawal strategy to maximize retirement income.

• Discover how portfolio diversification and annuity layering can protect your nest egg.

• Learn why a comprehensive financial game plan is the most powerful retirement tool.

Episode Chapters:

• 00:00 – Introduction and Episode Overview

• 00:15 – Avoiding Common Retirement Planning Mistakes

• 00:48 – The Rising Cost of Healthcare and Medicare

• 02:48 – Long-Term Care Planning: Why It Matters

• 05:05 – Personal Stories and the Importance of Planning

• 06:26 – Approaches to Long-Term Care Insurance

• 08:09 – Tax Strategy in Retirement

• 10:02 – Required Minimum Distributions (RMDs)

• 12:05 – How to Avoid Running Out of Money in Retirement

• 15:03 – Diversification and Risk Management

• 17:21 – Mutual Funds and Portfolio Balance Risks

• 20:01 – Retirement Planning Wrap-Up and Final Thoughts

• 22:24 – Show Close and Disclosures

Special Offer:
Ready to take control of your retirement? Enroll in Mark Fried's Retirement Masterclass to build your own customized financial roadmap. Visit WhenCanIRetire.us and use coupon code RRFR2024 for a special discount.

Connect with Mark Fried:

https://plansmartandretirewell.com/
https://www.linkedin.com/in/mark-fried-a0b1156/