Episode 34

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Published on:

22nd Jan 2024

Optimizing Your Financial World - Episode 34 (Six Big In-Retirement Money Mistakes and How to Avoid Them)

Even if you’ve done excellent planning for your golden years, it’s possible to make mistakes once you’re in retirement that can prove to be costly.

On the latest episode of Optimizing Your Financial World, we’re examining some of the big mistakes that retirees tend to make along with potential solutions and, even better, ways to avoid making them in the first place.

Chapters:

0:00 - Introduction and overview on the topic of the day

1:31 - Many people aren't aware of the financial risks that exist after they retire

3:41 - The common mistake of overspending

7:05 - Avoiding 'money talks' with family members

9:57 - Using the 'wrong' withdrawal strategy for income

12:53 - Stop making investing your part-time hobby

15:36 - Being aware of the different scamming techniques out there

18:01 - How to combat scammers in today's day and age

20:55 - Just because you enter retirement, doesn't mean you should enter auto-pilot

22:57 - How to get in touch with Mark and his team

24:03 - Closing remarks



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About the Podcast

Optimizing Your Financial World
It's about how much you get to keep!
Welcome to Optimizing Your Financial World, where we tackle an array of financial strategies and wealth management topics to help better position you, your family, or your business for a better future.

Each episode features Mark Wade, President of Echelon Family Office, who brings over four decades worth of experience in wealth management and investment planning to the show. Mark regularly works with affluent families and entrepreneurs to help better position their portfolios given their personal and professional goals.

Listen as Mark explores a new financial topic each episode and offers guidance on navigating these complex circumstances. At the end of the day, it's not about how many assets you have or how much income you create, it's about how much you get to keep!

So sit back, relax, and allow Mark to shed some light on countless financial strategies and his methodologies for helping four decades worth of clients optimize their financial world.