Gen X and Baby Boomer Retirement Planning Pitfalls: Avoid These Mistakes!

4 months ago
6
Finance Baby Boomers Generation X Gen X Retirement Fears Retirement Planning Purpose Determines Placement Social Security Retirement Income DIY Tax Planning

Today, 𝗺𝗼𝗿𝗲 𝗽𝗲𝗼𝗽𝗹𝗲 𝘁𝗵𝗮𝗻 𝗲𝘃𝗲𝗿 are making their transitions into retirement.

Unfortunately, many people lack critical financial literacy skills needed to navigate toward their 𝗶𝗱𝗲𝗮𝗹 𝗹𝗶𝗳𝗲𝘀𝘁𝘆𝗹𝗲 𝗶𝗻 𝘁𝗵𝗲𝗶𝗿 𝗴𝗼𝗹𝗱𝗲𝗻 𝘆𝗲𝗮𝗿𝘀. 🧐

In this episode of 𝙔𝙤𝙪𝙧 𝙍𝙚𝙩𝙞𝙧𝙚𝙢𝙚𝙣𝙩, Sam and Andi discuss the biggest fears and common mistakes of those planning for a sound financial future!

These include:
• Overreliance on social security income
• Not accounting for longevity and the healthcare risk of living longer
• Inefficient tax planning with IRAs
• Not benefiting from working with a qualified financial advisor

See the timestamps below to jump to a section of your choosing! ⬇️

𝗧𝗜𝗠𝗘𝗦𝗧𝗔𝗠𝗣𝗦
00:00 Intro
00:45 Millions of baby boomers moving into retirement in 2030
03:20 Generation X retirement fears
08:42 The 3 phases of retirement
10:06 Come in for a complimentary visit
11:56 Sam’s book: Purpose Determines Placement
13:50 Social Security as primary source for retirement income
17:23 Should you do-it-yourself with your finances?
19:27 Get Purpose Determines Placement FREE!
21:44 Fielding popular retirement questions from viewers!
27:04 Outro

If you have questions you would like to speak with Sam, Andi, and the rest of the team at Duell Financial Strategies directly, schedule a visit here 👇
https://duellstrategies.com/contact/

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If you enjoy this content, please 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄, 𝐥𝐢𝐤𝐞, 𝐨𝐫 𝐬𝐡𝐚𝐫𝐞!
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⭐ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀⭐
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#SocialSecurity
#LongevityRisk
#RetirementHealthCare
#TaxStrategy
#retirementplanning
#income
#taxes
#estateplanning
#RetirementPurpose
#RetirementSecurity

DISCLOSURE:
Investment advisory services offered though Duell Financial Strategies, LLC, a Wisconsin-Registered Investment Adviser. Duell Financial Strategies does not provide legal or tax advice. Investment Adviser Representatives of Duell Financial Strategies may only conduct business with residents of the states and jurisdictions in which they are properly registered. Insurance and annuity products are sold through Duell Financial Strategies.

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