The Most Expensive Mistakes You Can Avoid in Retirement
October 8, 2020
Special Guests
Travis Iles, Texas Securities Commissioner
Jason Williams, CFP(R), Sullivan Bruyette Speros & Blayney
Managing your finances during retirement is like trying to land a helicopter in the wind--it requires accuracy, monitoring and caution. Texas Securities Commissioner Travis Iles advises retirees to steel themselves against unscrupulous brokers and precious metals hawkers who try to appeal to retirees’ greed and fear of losses. Financial planner Jason Williams says that the key to managing your money during retirement is to know exactly how much money will be coming in versus going out and to make sure your retirement investments achieve an optimal balance of capital protection and future growth potential. And while you can use online retirement planning calculators to get a ballpark estimate of how long your nest egg will last, these tools’ well-documented inaccuracies strengthen the case for working with an experienced fiduciary financial planner to address these critical issues and gain greater peace of mind.
Resources
Establish an online Social Security account to estimate your monthly income: Link
Texas Tech Study on the inaccuracy of online retirement planning tools: Link
