Retirement can be a very scary word. Let’s face it, if you don’t save enough or you mistakenly invest in the wrong places, it can cost you dearly. After all your hard work, you deserve to make memories with your grandchildren and enjoy fun trips with your friends. Here’s the secret: you must avoid these 7 HUGE retirement mistakes so many people make. In today’s episode, Derrick shares how you can create the retirement you’ve always wanted.
What you will learn:
- 7 worst retirement mistakes you can make
- Free money—what it is and how to get it
- Retire to something, not from something
- How to create a practice retirement budget
- Ways to save money during retirement
Quotes:
- “In retirement if you blow your planning…it could cost you the retirement you've always wanted having worked all those years to build it up.” – Derrick Kinney
- “Practice living on what you think you'll need in retirement, but do it while you're working. That way, you've got the safety net so you're testing it out." – Derrick Kinney
- “If you're not looking at your goals on a regular basis, you can easily get so far off target that you can't make it back in time.” – Derrick Kinney
- “Take some time now to write down three financial goals, important to you, look at them every day and you're going to be for more likely to make progress toward what you really want.” – Derrick Kinney
- “The bottom line is the government incentivizes you to save for your retirement. Make sure you're taking advantage of those opportunities.” – Derrick Kinney
- “If the money is automatically taken out, you almost guarantee there's not more month left than there is money.” – Derrick Kinney
- “Let the market pay for some of what you want to do in retirement and be strategic about it.” – Derrick Kinney
Free Valuable Report for our Listeners: “3 Beliefs About Money Your Kids Should Learn That No One is Teaching Them”
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