Never promise more than you can perform. - Publilius Syrus

Sounds reasonable, right? If you promise a friend the wedding cake of their dreams but show up with a box of lumpy cupcakes and a faltering smile…someone’s not going to have a good day. Ever been on a trip and the driver assures you that they “know a shortcut” to bypass traffic that ends up getting you three hours off-schedule? Maybe you’ve taken on a big project at work before, confident that you could exceed expectations, but slowly find yourself struggling just to keep your head above the sea of work you’ve stranded yourself in. The problem across the board in these scenarios? Someone promised more than they could guarantee—and disaster resulted for all parties involved. Promising more than what can be delivered is a trend we see time and time again in the financial world, especially when it comes to pensions and 401(k)s. This week on Retirement 360 with Kentuckiana’s Retirement Coach Alan Mercurio, we’re going to be discussing how both of those income streams come loaded with potential problems for retirees. Mismanaged pensions and 401(k)s have been making the headlines all this year. Promises were made to employees that their retirement funds were being properly managed, only for those at the top to draw back the curtain and reveal severely underfunded pensions and poorly invested employee accounts. Don’t let a faltering pension or shaky 401(k) spell disaster for your retirement. There are ways you can turn yourself back on track, but you’ve got to act now.Retirement 360 is a Sunday morning radio tradition in the Louisville, Kentucky area, running for well over a decade. Alan Mercuio and Troy Bolton of Mercurio Wealth Advisors take a look at economic issues and topics related to retirement planning, as well as educating listeners to help prepare them for their post-working years, whatever they may have in mind for them.