In this conversation,Jackie Selby  and Aaron Novinger discuss the critical mistakes retirees make regarding their spending and financial planning. They emphasize the importance of having a comprehensive retirement plan, understanding one's budget, and the potential pitfalls of relying solely on Social Security. The discussion also touches on the emotional aspects of financial planning and the necessity of adapting to lifestyle changes during retirement. In this conversation, they discuss the intricacies of financial planning for retirement, emphasizing the importance of building a comprehensive plan that includes stress testing, understanding spending habits, and the role of social security. He highlights the significance of diversification to mitigate risks, particularly the sequence of returns risk, which can severely impact retirement savings. The discussion also touches on the psychological aspects of financial planning, ensuring that clients feel secure and informed about their financial futures.

Reach out to Aaron and Rebecca  at 918.913.0086 or https://ibmsb.com/contact-us/