5 Retirement Decisions You Can Never Take Back

5 Irreversible Retirement Mistakes: Social Security, Roth Conversions & Long-Term Care Planning These are the retirement mistakes you only get to make once. On this episode of The Retirement Risk Show, retirement planner Dave Hall shares a story from early in his career — a real estate deal that taught him a hard lesson about due diligence — and uses it to introduce five irreversible retirement planning mistakes he sees again and again. Dave covers: Taking retirement income the wrong way, including why your Social Security claiming strategy matters, how claiming at 62 instead of waiting can mean a 76% cut in benefits, how to think through pension elections and lump-sum options, and how withdrawing from your portfolio during a down market can trigger sequence of returns risk. Ignoring tax planning strategies, including how a Roth conversion strategy done early and managed annually can reduce lifetime tax drag, help you avoid IRMAA surcharges on Medicare, and protect your beneficiaries from a rushed 10-year withdrawal window. Failing to plan for long-term care, including why 56% of retirees will face a long-term care event even though only 6% have done any long-term care planning, and when to self-insure versus buy a long-term care insurance product. Relying too heavily on the stock market for retirement income, including how a lack of income diversity leaves retirees exposed to sequence of returns risk. Lack of coordination across your retirement plan, including why an accountant, estate planning attorney, investment advisor, and insurance agent working in silos can quietly undermine an otherwise sound retirement plan. If you're researching retirement planning, Social Security claiming strategies, Roth conversions, IRMAA, or long-term care insurance, this episode walks through all five. To learn more or schedule a no-fee consultation, visit https://www.retirementriskadvisors.com. Investment advisory services offered through Alpha Star Capital Management LLC, an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the SEC, nor does it indicate the adviser has attained a particular level of skill or ability. Fixed insurance products are offered through Retirement Risk Advisors, and Alpha Star Capital Management is not involved with the offer, recommendation, sale, or management of commission-based fixed insurance products. Alpha Star Capital Management and Retirement Risk Advisors are separate and independent entities. This content is for informational purposes only and is not intended as legal, tax, or investment advice, or a recommendation of any particular security, investment product, or investment strategy. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors