You've spent decades saving for retirement, but are you about to make the same mistakes thousands of retirees only spot when it's too late? In this episode, I walk through the five biggest regrets I see in my work as a retirement planner, and exactly what you can do right now to avoid them.
Tune into this episode to find out:
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01:14) Regret #1 – Claiming Social Security too early costs you
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01:44) Early claiming locks in a permanent 30% benefit cut
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02:49) How claiming early closes your Roth conversion window
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04:12) Regret #2 – Playing it too safe with your investments
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06:43) Using the bucket system to balance safety and growth
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08:37) Regret #3 – Not spending enough early on
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11:06) Regret #4 – Putting off tax planning until it's too late
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12:14) How RMDs, Social Security taxes, and IRMAA blindside you
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13:46) Regret #5 – Juggling too many accounts and strategies
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14:30) Why simplicity leads to clarity and lasting retirement confidence
Jacob Duke, CFP, MBA is the founder of Rivertree Wealth and the host of the Retirement Answers podcast.
DISCLAIMER: This should not be taken as tax, legal, or investment advice. All content is for educational purposes only.
What is Retirement Answers?
Retirement Answers is a podcast built to help you succeed in retirement. The thought of retirement can be overwhelming and downright scary for many... but it doesn't have to be!
The goal of this podcast is to provide thoughtful insights and strategies to give you the confidence you need to retire successfully. At the end of the day, my ultimate goal for my clients and podcast listeners is to live a fulfilling retirement.
Follow along as I publish a new episode each week covering everything from retirement income planning, tax planning, Social Security, insurance planning, investing, and much more.
Here's to learning everything you need to know to live out your dream retirement!