Episode 9: The 5 Biggest Financial Mistakes People Make in Their 50s

Your 50s are the most important decade of your financial life. They're also the decade where the most expensive mistakes get made — often by people who feel like they're doing everything right.

In this episode, I walk through the five financial mistakes I see most often in the 5–10 years before retirement, and what to do instead.

In this episode:

▸ Waiting too long to build a retirement income plan

▸ Taking on too much (or too little) investment risk

▸ Underestimating taxes in retirement

▸ Making an uninformed Social Security decision

▸ Retiring without a healthcare cost plan

Episode 9 of the Retirement Transition Series — 12 short episodes for people who are 5–10 years from retirement.

▶ Next: Episode 10 — The Retirement Income Plan

▶ Watch Episode 8 → How Should Your Portfolio Change Before Retirement?

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