About this episode
James breaks down five common retirement mistakes and how to avoid them for a secure and fulfilling future: Spending Wrong: Overspending risks running out of money; underspending misses out on life. Bad Timing: Retiring too early strains finances, while retiring too late sacrifices experiences. Ignoring Risks: Overlooking inflation or focusing only on market volatility hurts long-term stability. Over Helping Kids: Excessive financial support can jeopardize retirement security. No Strategy: A lack of planning for taxes, investments, and withdrawals leads to inefficiency. Plan wisely to balance financial security with an enjoyable, purposeful retirement. Questions answered: 1. How can retirees avoid common financial pitfalls to ensure a secure and enjoyable retirement? 2. What steps can retirees take to balance responsible spending with meaningful life experiences? Submit your request to join James: On the Ready For Retirement podcast: Apply Here On a Retirement Makeover episode: Apply Here Timestamps: 0:00 - Spending the wrong amount 4:13 - Retiring at the wrong time 7:08 - Focusing on only one risk 9:58 - Too much support for adult kids 12:43 - Not having a strategy Create Your Custom Strategy ⬇️ Get Started Here. Join the new Root Collective HERE!