TOP RETIREMENT MISTAKES
WILL YOU SPEND TOO MUCH IN RETIREMENT?
|
Thad Ismart, CFP®, ChFEBC, CEPS
|
Tessa Hall
|
Podcast: Play in new window | Download
Subscribe: RSS
About This Episode
Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about retirement spending and why many people underestimate the income they will need in retirement. They discuss spending habits, budgeting assumptions, and practical planning strategies that can help support long-term financial goals.
This episode is part three of BWFA’s Top Retirement Mistakes series, which explores common retirement planning mistakes and strategies to help avoid them.
To learn more about retirement planning, visit our Financial Planning page.
Read Full Description
Many retirees assume their expenses will decline once they stop working. In reality, spending often increases during the early years of retirement.
In this episode of Healthy, Wealthy & Wise, Tessa Hall speaks with BWFA Senior Financial Planner Thad Ismart about retirement spending and why accurately estimating expenses is essential to a successful financial plan.
They discuss the “go-go, slow-go, no-go” years of retirement, common budgeting mistakes, and BWFA’s approach to estimating retirement expenses. Thad also explains why reviewing spending assumptions regularly can help retirees stay on track as goals and lifestyles evolve.
This episode is part three of BWFA’s Top Retirement Mistakes series.
Top Retirement Mistakes Series
Episode 1: Why You Need an Estate Plan
Episode 2: Why Beneficiary Designations Matter
Episode 3: Will You Spend Too Much in Retirement?
Episode 4: The Retirement Risk Most People Miss
Episode 5: RMD Mistakes That Can Cost You
Episode 6: Why Retirement Planning Matters