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Join us as we talk about and expand on the 5 mistakes below!


1.  Not having a long-term perspective, even as a retiree

  • Invest wisely in order to keep pace with inflation. 
  • A diversified portfolio using stocks, bonds, and cash is your best opportunity to beat inflation and increase income as you age.


2.  Trying to time the market

  • Understand your timeframe and risk. Stick with your plan.


3.  Succumbing to slick sales pitches and buying investments that you don’t need

  • Work with someone who is able to help you with big picture planning. 
  • Keep your guard up for the one-size-fits-all salesperson who only has one solution to offer regardless of the needs. 
    • For example, annuities are not the enemy, but a salesman with a one-size fits all agenda should be avoided. 
  • So many times, the product is sold more for the seller’s financial benefit rather than the buyer’s best interest.


4.  Dying with a Non-qualified Annuity – Potential tax disaster

  • To keep your annuity from becoming a tax burden for your heirs, take withdrawals from annuities during your lifetime rather than passing it on in an inheritance.


5.  Not getting help before or when you need it

  • Seek the counsel of others (family, trusted financial advisor). 
  • Always share information with your spouse! 
  • Having a trusted financial advisor in place before you need them is a way to show love for your spouse.



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The topics discussed in this podcast are for general information only and are not intended to provide specific investment advice or recommendations.  Investing and investment strategies involve risk including the potential loss of principal. Past performance is not a guarantee of future results.

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