5 Ways Wishful Thinking Can Damage Your Retirement

A little hope can go a long way, unless it's the foundation of your retirement plan. In this episode, Wade breaks down five common examples of wishful thinking that can quietly sabotage even the most well-intentioned retirees. From underestimating healthcare expenses to assuming you’ll just “keep working,” Wade explains why these hopeful assumptions can lead to stress, shortfalls, and lost opportunities.

Instead of vague optimism, it’s smart to have a plan grounded in reality. Wade shares real client experiences, practical alternatives, and stress-test strategies that can help you prepare for the what-ifs of retirement with clarity and confidence. This episode will help you trade guesswork for peace of mind, whether you’re 5 years away from retiring or already in the “go-go” years.

For this week’s Kingdom Minute, Wade discusses the spiritual significance of money in the Bible, and what it reveals about our hearts and what we truly value.

 

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

💸 Counting on lower taxes in retirement? Think again.

🏥 A common long-term care myth

🍽️ Why you might spend more, not less, after retiring

💰 Can Social Security really carry you through?

🏃‍♂️ The risky plan of “I’ll just keep working”

 

Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ 

The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.

Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.