Description

As you get closer to retirement, it’s usually not one big mistake that throws things off — it’s a handful of smaller decisions that can quietly add up over time.

In this episode, Tyler Emrick, CFA, CFP®, walks through five of the most common money moves near retirees make and what to be thinking about instead as you transition into retirement.

We cover:

• Why your investment strategy needs to change as you shift from saving to spending
• How tax planning becomes more important once you’re no longer relying on a W-2
• The impact of Social Security timing decisions, especially for married couples
• The risks of taking on more investment risk to “catch up”
• And how healthcare costs — both before and after Medicare — can affect your plan

If you’re within a few years of retirement, this episode will help you avoid some of the most common pitfalls and make more intentional decisions with your money.

Have questions?

Need help making sure your investments and retirement plan are on track? Click to schedule a free 20-minute call with one of True Wealth's CFP® Professionals.

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