Mark Geels discusses the critical importance of having a financial plan as one approaches retirement. They delve into behavioral finance, exploring how emotions and biases influence financial decisions. The discussion highlights common fears, such as the fear of running out of money, and the impact of biases like anchoring on investment choices. They emphasize the need for cooling-off periods before making significant financial decisions and the importance of preparing for market volatility. The conversation concludes with a list of top financial principles to help investors succeed in retirement. To learn more visit EFS4U.com or call 712-224-4651