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Bad Money Habits Could Spoil Your Retirement Party

Phil’s Tax Hacks · June 29, 2023

 

Today’s Hack

Picture this: You’re at your retirement party, finally ready to enjoy your golden years, but worries caused by some bad money habits have robbed you of fully enjoying the sweetness of the day. It happens to more people than you think, which is unfortunate because, with just a little bit of modification, you can rid some of the worst money habits from your life and set yourself up for retirement success.

In this episode, Phil and Marc will cover some of these bad money habits that could have a significant impact on your financial future. Join us as we talk about the negative consequences of ignoring bank statements, being addicted to the rising stock market, procrastinating financial decisions, and much more. Stay tuned as we discuss how working with an advisor can make a huge impact in your financial life.

Here are some of the things we’ll address in this episode:

  • Being addicted to the rising stock market [2:40]
  • Financial planning procrastination [6:05]
  • Ignoring your retirement time horizon [8:12]
  • The purpose of diversification [11:03]
  • Working with an advisor [13:16]

If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.

You’ve worked hard for your money. We help make your money work hard for you.

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