9 Retirement Planning Mistakes You May Be Making [Video]

Retirement planning requires that we make a lot of assumptions about the future. From all of these assumptions and other data, most software spits out a “Chance of Success.” That number can make the future appear more certain than it is. In fact, many people make some big mistakes with their retirement plans.

In this video we’ll look at 9 of those big mistakes and how to avoid them.

New Retirement: https://go.robberger.com/new-retirement
FICalc: https://ficalc.app/
Longevity Data: https://www.capitalgroup.com/advisor/insights/articles/ir-retirement-longevity.html
Longevity Data: https://www.ebri.org/docs/default-source/rcs/2024-rcs/2024-rcs-release-report.pdf?sfvrsn=2447072f_1
Assisted Living Costs: https://www.seniorliving.org/assisted-living/costs/
Returns by Asset Allocation: https://investor.vanguard.com/investor-resources-education/education/model-portfolio-allocation
Long Term Care Data: https://www.northwesternmutual.com/life-and-money/how-long-does-the-average-person-need-long-term-care/

Timestamps

0:00 – 9 Retirement Mistakes You May Be Making
0:34 – How long we might live
1:48 – New Retirement
2:58 – Retire earlier than planned
5:01 – Rates of return
7:00 – Investment fees
8:41 – Home equities/Assisted living
13:27 – Pass away early
14:57 – Annuities
16:30 – Stress test plan

*Join the Newsletter. It’s Free:*
https://robberger.com/newsletter/?utm_source=Rob+Berger&utm_medium=ATF+Link&utm_campaign=Newsletter&utm_id=YouTube

*Financial tools I use:*

*I track all of my investments, performance, fees, and asset allocation with Empower. It’s Free:*
https://robberger.com/empower

*My retirement plan comes from New Retirement, the most robust retirement planner available at a reasonable cost:*
https://robberger.com/new-retirement

*I used Capitalize for my last 401(k) rollover. They did all of the work, and it’s Free:*
https://robberger.com/capitalize

*My budgeting tool of choice is Tiller. It downloads all your banking data to Excel or Google Sheets:*
https://robberger.com/tiller

*We save and invest our credit card rewards. Here are some of my favorite credit cards:*
https://www.allcards.com/best-credit-card-offers/?utm_source=YouTube&utm_medium=Video+Links&utm_campaign=tools

*My Book (Retire Before Mom and Dad):*
https://amzn.to/4d9qbhA

#retirement #investing #robberger

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I’m the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

I’m also the author of Retire Before Mom and Dad–The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

LET’S CONNECT

Youtube: https://www.youtube.com/channel/UC9C17-OMxa-7oRSaCtztObw?sub_confirmation=1

Facebook: https://www.facebook.com/financialfreedomguy/

Twitter: https://twitter.com/Robert_A_Berger

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my mom.