10 Things You Shouldn't Do As You Plan For Retirement

If you’re getting close to 50, you’re well on your way to retirement. You’ve got situations to look at, several possible mistakes you’ve already made, and some time to solve them–but the longer you wait, the worse the damage might be.

Though today’s episode was made with the Gen Xers in mind, there is plenty of advice that will work for those of you who are 45, 40, or even 35. It’s all about formulating a plan based on where you are in your life and your career, when you want to retire, and how you want to do it.

With this in mind, we’re talking about the ten big mistakes that people make while planning for retirement, as well as how you can be proactive and take initiative right now. You’ll learn what to do (and what not to do) to protect your money, your health, and your legacy.

In this podcast interview, you’ll learn:

  • Why so many people think they’re going to work longer than they actually do–and why this means you need to have a plan B if you lose your job early.
  • Why your fifties are not a great time to change the risk level of your investments–and why it’s so easy to get emotional and fail to stick to the plan.
  • How to take advantage of catch-up provisions if you couldn’t invest in your retirement earlier in your career.
  • The dangers of retiring with credit card or student debt.
  • Why you need to invest time, energy, and money in your health now–not later.
  • The importance of reassessing your insurance coverage.
  • How to navigate divorce or separation.
  • The importance of updating key documents and reviewing your estate plan.
  • A reminder on why you can’t let the market spook you.

Listen on your favorite platform:

Apple | Spotify | YouTube

Interview Resources

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