7 Crucial Mistakes People Make When It Comes To Retirement Planning

Are you on the path to a secure retirement? Don't let these common mistakes cost you your retirement. Join Walt West, founder of the West Advisory Group, as he breaks down the seven most crucial mistakes people make when it comes to retirement planning. In this episode of "Money in Motion," you'll discover how to avoid these costly retirement mistakes and ensure a worry-free future.

Key Topics Covered:

Lack of Establishing Retirement Goals
Underestimating Retirement Expenses
Lack of Diversification in Investment Portfolio
Failing to Plan for Longevity
Overlooking Health Care Costs
Not Updating Your Plan Regularly
Avoiding Professional Guidance

Why You Should Watch:

Learn how to prevent money from falling through the cracks during your retirement.
Understand the importance of setting clear retirement goals.
Get insights on accurately estimating your retirement expenses.
Discover strategies for diversifying your investment portfolio to manage risk.
Find out why planning for longevity is crucial in today's world.
Get tips on managing healthcare costs and updating your plan regularly.
Understand the benefits of seeking professional guidance.
Don't let retirement risks catch you off guard. This video is packed with valuable information to help you navigate the complexities of retirement planning.

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Today’s retirement isn’t like your parents, you need to be strategic. Learn the tips & strategies to get the most out of life with your money.

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West Advisory Group
8160 Perry Hwy, Pittsburgh, PA 15237
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[gimcrack]

I'm never going to retired. But that didn't mean I work all my life either. I'm 60 and very healthy, I still work but it's simple work. I became a caregiver working only 65-78 hours bi-weekly. I can cut those hours anytime I want to and work less if I choose so. My side hustle is running a flea market booth over the weekends. I enjoy all of this. I take trips anytime I want to. So I can plan a trip and take it. I was in construction work most of my life. Building houses from the ground up. So I actually learn 6 skilled trades over those years. The catch I moved a lot while I was young. I made this long bucket list and I knew a old frail man wouldn't be able to do it. So I surely wasn't going to wait to retire to do these bucket list task. What you do, is do them now. How I accomplish this. Is I work hard, save money. So I never in my life save for a nest egg. No I created saving up for the golden goose egg instead. What's that, well it's a fund to able to live off of, during breaks between jobs. Yes, I quit my job to go onto my bucket list adventures. So I move from town to town, city to city, state to state. My breaks can be as long as 1-3-6-9 months to 1-3 years. My longest break between jobs was 2 years and 9 months. The story is I finish up my long bucket list at age 56 and I'm now 60. So I added a few since and will be doing them soon. I been debt free since I was 36 been paying cash every since then. I did the owning a home backwards. The money I been saving and going on trips with. Well I can't spend it fast enough and saved a lot of money so much. I was able to buy my first home at age 56 in cash at the end of my bucket list accomplishments. I finally settle down and enjoying everything I done so far in my life. Will even slow down more at age 67 but will still continue doing the side hustles until death. I call all of this semi-retirement and its been working out great for me.