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5 Ways Wishful Thinking Can Damage Your Retirement
Manage episode 484145071 series 2510975
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
281 episodes
Manage episode 484145071 series 2510975
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
281 episodes
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