Financial Strategies - The Biggest Myths of Retirement

“I’ll spend less when I retire.” “Social Security and my pension will be enough.” “I’ll figure everything out when I’m ready to retire.”They’re common assumptions—but should you build your retirement around them?In this episode of Financial Strategies, Andrew and Daniel Agemy tackle some of the biggest myths surrounding retirement planning. They discuss why spending may shift rather than simply decline, how longevity, inflation, healthcare and lifestyle goals can change the amount of income you need, and why relying exclusively on Social Security or pension income may not fit every retirement.They also explore the “401(k) brain”—the accumulation mindset many investors develop after decades of saving—and why retirement may require a different focus on generating dependable income from the assets you’ve built.Most importantly, Andrew and Daniel explain why retirement planning shouldn’t begin the day you retire. Thinking several years ahead can give you more time to define the retirement you want, identify potential income gaps, and prepare your portfolio for the transition from saving money to living from it. Like, subscribe, and turn on notifications for more retirement education.