Episode 29: "Mistakes to Avoid Near Retirement"

In today’s show, finance experts Tom Mosley and Kristin Oakley tackle essential retirement topics that you can’t afford to miss. First, they uncover key mistakes to avoid as you approach retirement, ensuring your nest egg remains secure. If you’ve avoided these pitfalls and built a health savings, they share powerful tactics to minimize your tax burden. Finally, they take an in-depth look at taxes and annuities, wrapping up with insightful answers to listener questions. This episode is a virtual retirement buffet served up to help you ease into retirement. Tune in and take control of your financial future! Jump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀 𝗯𝗲𝗹𝗼𝘄! 👇 TIMESTAMPS 00:00 The Impact of Working Longer 03:37 Failing to Maximize your Contributions 05:55 Failing to Analyze your Social Security Options 09:15 Taking on Unnecessary Debt 10:37 Taking on Too Much Risk 14:50 How to Save Money on Taxes with a $2 Million IRA 17:33 Roth Conversions 22:22 Creating the Right Withdrawal Strategy 28:35 Annuities: Fixed Indexed Annuity – Why this is a Better Choice 30:31 #1 Principal Protection 32:45 #2 Growth is Tax Deferred. 33:43 #3 Lifetime Income Options. 35:02 #4 Death Benefits 38:28 Listener Questions: I’m 67, Inherited $500K, How Can I Invest it Outside the Stock Market? 45:48 Listener Questions: I May Need Long Term Care, What Can I Do? Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here 👇 https://mosleywealthmanagement.com/contact/ =========================================== If you enjoy this content, please 𝐒𝐔𝐁𝐒𝐂𝐑𝐈𝐁𝐄! https://www.youtube.com/channel/UCPMvD3G1cZA1Kz4CKnwynhA?sub_confirmation=1 =========================================== ⭐ 𝐂𝐎𝐍𝐍𝐄𝐂𝐓 𝐖𝐈𝐓𝐇 𝐔𝐒 𝐎𝐍 𝐒𝐎𝐂𝐈𝐀𝐋 𝐌𝐄𝐃𝐈𝐀⭐ - Facebook: https://www.facebook.com/mosleyeaseintoretirement - Instagram: https://www.instagram.com/easeintoretirement/ - LinkedIn: https://www.linkedin.com/company/mosley-wealth-management Learn the key components you need to include in your retirement plan: Check this video out: https://youtu.be/QkJzvbZ_gDs #RetirementMistakestoAvoid #RetiringWith2Million #RetirementAnnuities #RetirementTaxes #RetirementIncome #RetirementPlanning #RetirementStrategy #FinancialEducation #FinancialLiteracy #HowToRetireEarly #RetirementPlanningAt50 #RetirementPlanningAt60 #HowMuchDoINeedToRetire #HowToRetireEarly #RetirementPlanningTips #FinancialAdvisor #SocialSecurity DISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the particular needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.For more information, visit: www.mosleywealthmanagement.com