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Why Do Even Millionaires Go Broke?

What causes people—from pro athletes to everyday savers—to burn through money faster than they expect? Ken and Nick Tumolo explore how sudden wealth, inheritances, and lack of planning can lead to costly mistakes. They break down why emotional decisions, tax misunderstandings, and delayed strategy often derail long‑term security, and why treating unexpected money as a “gift of retirement” can shift outcomes. It’s a clear conversation on building a plan, avoiding common pitfalls, and making thoughtful choices that support your future lifestyle. To schedule a Tumolo Financial Retirement Checkup visit TumoloFinancial.com (https://tumolofinancial.com/) Ken Tumolo and his son Nick Tumolo join you on Tumolo Financial Radio to offer solutions and strategies for your retirement planning needs. With decades of financial planning experience, Ken and Nick offer tax recommendations, estate planning advice, Social Security maximization, wealth management, retirement income planning and much more. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.