In this episode, the hosts discuss the various financial pitfalls that Baby Boomers face as they approach retirement. They explore common mistakes such as overestimating Social Security benefits, underestimating healthcare costs, and the importance of early retirement contributions. The conversation also delves into the risks associated with market volatility, the significance of the first year of retirement, and the often-overlooked sequence of return risks. Additionally, they address the outdated 4% rule for withdrawals, the necessity of tax planning, and the importance of adjusting investment portfolios as one transitions into retirement. The episode concludes with a Q&A segment addressing real-life retirement scenarios.

Reach out to Ben and Matt at 877-249-6900 or https://soundpathretirement.com/