We often find that people are clinging to certain ideas or beliefs that end up giving them a sense of false hope about their retirement. It’s a dangerous position to be in. Let’s explore some of the faulty thinking that ultimately leaves people underprepared for retirement.
Read more and get additional financial resources here: https://www.moneyandclarity.com/2020/07/ep-157-retirement-ready-are-you-clinging-to-false-hope/
Today's show schedule:
0:56 – How’s life in Ohio right now?
2:48 – What we’re talking about today.
3:36 – The mindset that you’ll be ready to retire when you hit a certain number.
8:15 – Belief that your income needs are going to decrease when you retire.
10:40 – Assuming that an inheritance will make up for any shortfalls in retirement.
13:27 – You’re going to ‘just figure it out’ in retirement.
14:23 – Assuming that the income estimate on our 401k statement is accurate.
16:53 – Take us through the Money & Clarity for crafting a plan.