Nightmare Retirement Scenarios (The Trilogy)

In this Halloween-themed episode, Nic and I dive into the three scariest assumptions that can haunt your retirement plans. Making the wrong assumptions about healthcare costs, taxes, and inflation can turn your golden years into a financial horror story!

We break down shocking statistics about healthcare expenses in retirement (a healthy 65-year-old may need up to $320,000!), explain why your tax bill might actually be higher in retirement than during your working years, and discuss how inflation continues to erode purchasing power. Most importantly, we provide actionable strategies that may protect your retirement from these common planning mistakes.

 

🕒 TIMESTAMPS:

0:00 - Introduction to retirement planning nightmares

0:53 - Assumption #1: Healthcare costs in retirement

4:23 - Medicare misconceptions and coverage gaps

7:19 - Assumption #2: Taxes will be lower in retirement

10:13 - Tax horror stories and success strategies

13:49 - Assumption #3: The inflation monster

17:48 - Real-life inflation horror stories

20:31 - Actionable inflation-hedging strategies

24:19 - Final thoughts on avoiding planning assumptions

 

🔗 RESOURCES:

📧 Have questions about Roth conversions or RMDs? Email us: [[e-mail]](mailto:[e-mail])

🎧 Check out our previous episode on HSAs (The Triple Threat of HSAs)

📝 Looking for personalized retirement planning help? Visit: https://www.yeomanscg.com/

As I always say, hope is not a plan! Don't make assumptions about these three critical areas of retirement planning. Whether you're already retired or preparing for the future, take time to investigate your healthcare strategy, tax situation, and inflation protection plan. Stay coachable, my friends!

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🛑 Disclaimer:

Your Retirement Coach is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.