Biggest Money Mistakes in Retirement

The Income For Life Show

In the complex world of retirement planning, there are countless pitfalls one could fall into. In this episode, we've distilled it down to what we believe are the top 5 mistakes to watch out for. Avoiding these crucial missteps can have a significant impact on the success of your retirement plan. So, join us as we delve into these key issues and learn how to navigate them effectively when it's your turn to plan for retirement.

We’ll kick off this episode by discussing the recent buzz on the U.S. debt ceiling. Then, we’ll dive into the risk of taking investment advice from family and friends, ignoring long-term care costs, not adjusting your investment strategy approaching retirement, and more. For our ride-along segment in this episode, we’ll share all about our amazing trip to Italy!

Here's what we'll discuss on today's show:

• How might the U.S. debt ceiling impact me? (3:33)
• Taking investing advice from friends and family instead of a financial professional. (14:14)
• Underestimating the expenses of long-term care costs. (21:27)
• Poor communication between spouses and money. (32:05)
• Retirement ride-along segment: Sam and Matt reflect on their recent trip to Italy. (36:34)
• Some tours that Sam and Matt enjoyed during their trip. (58:15)

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Links From Today's Show:

U.S. Debt Clock: https://usdebtclock.org/

Retirement Ride-Along Photos: https://www.facebook.com/WhereSafetyMatters/photos_albums

Firenze Number Nine: https://firenzenumbernine.com/ (Tour with Ricardo)

The Duomo: https://www.visitflorence.com/florence-churches/duomo.html

Enoteca Pinchiorri: https://www.enotecapinchiorri.it/

Casa Emma Winery: https://casaemma.it/en/

Cinque Terre tour: https://truescany.com/ (Tour with Leo)

Podere Le Ripi: https://www.podereleripi.com/

Dario's Butcher Shop: https://www.dariocecchini.com/?lang=en

I Just Drive: https://www.ijustdrive.us/