• Accessible Finance Episode 59 : The Golden Years or The Broke Years? Avoiding the Retirement Pitfalls

  • Nov 11 2024
  • Length: 26 mins
  • Podcast

Accessible Finance Episode 59 : The Golden Years or The Broke Years? Avoiding the Retirement Pitfalls

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  • Summary

  • Most of us dream about "the golden years", but without a plan, they can easily turn into the "broke years"! So how do you avoid spending your retirement on instant noodles? In this episode, we discuss how the reality is that with longer life expectancies and increasing costs, often times retirees may underestimate how long their savings need to last, underestimate potential healthcare costs, over-rely on Social Security, fail to adjust for inflation, and don't have a planned withdrawal strategy. Don't wing it with your golden years--let a solid plan help turn retirement pitfalls into smooth sailing! If you have a specific situation you’d like us to cover (anonymously), send your questions to us at podcast@equilibriumfp.com. We’re here to help guide you through these important discussions, without giving formal financial advice.

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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.