Retirement Unknowns and Scams to Watch Out For!

The latest episode of the Own Your Retirement Show with hosts Josh Bretl and Mark Elliott takes listeners on an insightful exploration of retirement planning, focusing on key unknowns and avoiding common regrets.

The episode begins with Josh sharing a heartfelt personal story about celebrating his 20th wedding anniversary, skillfully tying it into the discussion of life’s significant transitions—marriage, parenthood, and, ultimately, retirement.

Josh emphasizes that retirement brings the most significant lifestyle change, not only financially (as income shifts to rely on Social Security, savings, and pensions) but also mentally and emotionally.

The duo then dives into retirees’ common regrets, such as wishing they had saved more or delaying Social Security benefits, and explore actionable strategies to address these concerns through proper planning.

Additionally, the show tackles four big unknowns retirees face: longevity, healthcare costs, market performance, and future taxes.

Josh shares practical insights on how to address these uncertainties, such as planning for extended lifespans, managing healthcare and long-term care costs, and minimizing the impact of market volatility and tax liabilities.

The episode also includes critical advice on protecting against scams and highlights the importance of building a comprehensive retirement plan.

With a blend of personal anecdotes, expert guidance, and actionable tips, this episode provides valuable advice for listeners preparing for or navigating retirement, urging them to seek professional planning assistance to secure their financial and emotional well-being.