Ep 16: Are You Sabotaging Your Own Retirement?

By Chris Scalese | January 16, 2020

Today’s Debate:

When it comes to money, there are so many things that we have no control over. So why would we not take care of the things that are within our control? Today we talk about the ways people sabotage their own retirement and what you can do to avoid making the same mistakes.

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Ep 16: Are You Sabotaging Your Own Retirement?

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Key Takeaways From This Episode:

Retirement planning is already difficult enough without having to deal with the uncertainty of the financial world. But a surprising number of people sabotage their own retirement by failing to take care of the things that are within their control.

On this episode of the Financial Forum podcast, Chris Scalese will share the common mistakes he sees people make that have significant and lasting effects on their finances. Each of these actions can be avoided if you develop a strong plan and follow each of the steps put in place.

From the stock market to Social Security to retirement income, we’ll cover some of the most important investment and planning items during this show. Hopefully you’ll find valuable information along the way that will keep you from making any retirement missteps.

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[0:17] – We’re talking about self-sabotage and how we get in our own way.

[1:00] – First thing we do is obsess over the short term ups and downs of the market.

[3:33] – Social Security is another major one. We sabotage ourselves by turning it on at the wrong time.

[5:21] – We don’t think we’ll need nursing home care or feel it’s too far down the road.

[7:01] – You assume you’ll love your job forever just because it’s great now.

[9:32] – Final one is not identifying how much you’ll need to spend in retirement to maintain your desired lifestyle.