In this episode of Retire Smart Maryland Radio, hosts Prashant Sabapathi and Jon DeFeo discuss critical missteps in retirement planning that can erode savings. They emphasize the importance of starting retirement savings early, managing expenses, and the risks of being overly conservative with investments. The conversation also covers the impact of unexpected inheritances, the necessity of regular financial checkups, and the role of emergency funds. Additionally, they introduce the concept of income insurance as a way to secure financial stability in retirement.
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