Retirement Elevated Podcast with Sean Lee

5 Ways We Sabotage Our Own Retirement

November 21, 2019

With all of the things in the financial world that you can’t control, why would you sabotage your own retirement by messing up the things you can control? Let’s discuss some ways that people sabotage their own financial health.

 

Show Notes: https://retirementelevatedpodcast.com/podcast/5-ways-we-sabotage-our-own-retirement/

 

Today's Rundown: 

0:28 – We’re talking about sabotaging our own retirement today.

0:58 – The market continues to be very volatile in 2019.

1:58 – The first way we sabotage ourselves is getting to obsessed with the ups and downs of the market.

3:24 – Sometimes people have a plan but aren’t too confident in it if they are obsessing.

4:35 – Another way we self-sabotage is Social Security.  

6:25 – The next way we sabotage is by pretending long-term care won’t affect us until much later in life.

8:40 – We can sabotage our retirement when we assume we’ll always like our job because we enjoy it now.

10:08 – One of our favorite parts of the job is developing a strategy that allows clients to retire a little earlier.

11:42 – The last way is by not identifying how we want to live in retirement so that we can figure out how to maintain our lifestyle.