Is Your Retirement Based on Wishful Thinking?

Retirement is often viewed as a golden era of relaxation and enjoyment, but it can also be riddled with misconceptions that can lead to financial pitfalls. Many people fall into the trap of wishful thinking when it comes to what they expect will happen in retirement, but a successful retirement isn’t built on hope and assumptions. In this episode, Eric sheds light on these common myths and offers practical strategies for effective retirement planning.

Here’s some of what we discuss in this episode:

• Can retirees live off the interest generated by their investments in retirement?
• Many people think they’ll be in a lower tax bracket in retirement but is that reality?
• Once you stop working, many expenses will no longer be necessary, but does that mean you’ll end up spending less overall in retirement?
• People are often shocked at the cost of healthcare when it comes out of their own pocket.  

Get in touch with the Peterson Financial team: https://petersonfg.com/