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5 Ways Wishful Thinking Can Damage Your Retirement

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Manage episode 484145071 series 2510975
Content provided by Phil Putney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Phil Putney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

A little hope is good for the soul, but when it comes to retirement planning, wishful thinking can lead to serious financial mistakes. Today, Phil is walking through five common examples of wishful thinking that can quietly damage your retirement and how you can build a plan that protects your future instead of relying on luck.

Here’s some of what we discuss in this episode:

💸 The hidden cost of "I'll spend less in retirement"

🕰️ The risk of assuming you’ll work forever

🍀 Why “I’ll just get lucky in the market” is a losing bet

🛑 The danger of assuming your kids will take care of you

For more, visit us online: http://philstaxhacks.com

Watch the video podcast on YouTube: https://bit.ly/3WdDG96

  continue reading

281 episodes

Artwork
iconShare
 
Manage episode 484145071 series 2510975
Content provided by Phil Putney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Phil Putney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

A little hope is good for the soul, but when it comes to retirement planning, wishful thinking can lead to serious financial mistakes. Today, Phil is walking through five common examples of wishful thinking that can quietly damage your retirement and how you can build a plan that protects your future instead of relying on luck.

Here’s some of what we discuss in this episode:

💸 The hidden cost of "I'll spend less in retirement"

🕰️ The risk of assuming you’ll work forever

🍀 Why “I’ll just get lucky in the market” is a losing bet

🛑 The danger of assuming your kids will take care of you

For more, visit us online: http://philstaxhacks.com

Watch the video podcast on YouTube: https://bit.ly/3WdDG96

  continue reading

281 episodes

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