Retirement Planning Pitfalls: Avoid 5 Common Mistakes That Can Destroy Financial Confidence скачать в хорошем качестве

Retirement Planning Pitfalls: Avoid 5 Common Mistakes That Can Destroy Financial Confidence

Are you saving diligently for retirement but realize simply owning accounts isn't a retirement plan? If you're a Californian approaching retirement, you need to be prepared for the pitfalls that trip up most people, costing them peace of mind and money. In this essential episode of Your Financial Compass, financial advisors Scott Vlahon and Shawn McElmoyl of Bulman Wealth Group share the most common and costly mistakes retirees make and how you can proactively avoid them. We discuss 5 major retirement planning pitfalls, including: • Mistaking Accounts for a Plan: Why accumulation advice isn't enough—and how the complex "descent phase" requires true retirement income expertise. • The Lower Spending Myth: Why many retirees, especially in high-cost areas like California, spend more in the early "Go-Go" years than anticipated. • Taxes Are Retirement's Biggest Expense: We expose why assuming you'll be in a lower tax bracket is dangerous. Learn how RMDs and Social Security can spike your bill, and the importance of timely Roth conversion strategies for maximum retirement tax benefits California. • Market Volatility & Withdrawal Risk: How improper risk management (too much or too little) right before or during retirement can devastate your portfolio's longevity. • Neglecting Rising Healthcare Costs: Why long-term care planning California should be part of your financial conversation, even the uncomfortable parts. We emphasize that success is about how much you keep, not just how much you have. Don't risk your future by waiting! Ready to gain control and build true financial confidence California? Call our financial advisor California team to receive your complimentary Financial Compass Review and start your proactive planning today.