April Fool’s Day is all about jokes and pranks, but when it comes to retirement planning, getting fooled can cost you real money. Today, we’re uncovering the beliefs that fool retirees and pre-retirees into making bad financial moves. We’ll cover some of the most common myths that can derail your retirement plans and explain why they might not be as true as they seem.
Should you really claim Social Security as soon as possible? Will Medicare cover all your healthcare costs? And is the 4% rule the foolproof way to make your savings last? Don’t let financial myths fool you- tune in and take control of your retirement!
Here’s some of what we discuss in this episode:
0:00 – Intro
3:05 – Claiming Social Security ASAP
5:11 – Getting fooled into underestimating taxes
7:00 – Medicare misunderstandings
9:22 – Set it and forget it retirement plans
12:54 – The 4% rule
Resources
Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html
Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg
Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12
Other ways to get in touch:
Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors
