Retirement Failure Factors: Ways to eliminate common retirement mistakes [Episode 17]

People may not be able to guarantee success in a retirement plan, but they can eliminate failure factors. What is a failure factor? Failure factors are mistakes that people make time and time again. It is imperative that you identify these because they could be derailing your retirement and all the hard work you’ve put in over your lifetime.

 

In this episode, I share the top 5 failure factors that I see investors making. I will give you real examples of clients I have seen that exhibited one or more of these problematic patterns. I will explain why these failure factors sabotage retirement and how you can address and remove these areas that can cause you to fail.

 

There is no guarantee in retirement, but eliminating failure factors is a possible pathway to ensuring a better, more successful retirement. My mission in delivering this information is that you will stop any of these behaviors you may be engaging in and make smarter financial decisions that will make a prosperous retirement more likely.

 

Episode Outline

[00:27] What is a Failure Factor?

[03:41] Failure Factor #5: Not diversifying where you invest

[07:45] Failure Factor #4: Ignoring future taxes and inflation

[10:58] Failure Factor #3: Not planning for long term care insurance

[13:28] Failure Factor #2: Believing you are smarter than the stock market

[17:11] Failure Factor #3: Not having a financial plan

[22:00] Recap

 

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