Things like carrying too much debt, deferring taxes, or starting Social Security at age 62 are all things that can be tempting to some folks as they get near their retirement. Desmond will break down the temptations that can creep into retirement and explain strategies to help you avoid getting caught up in things that can derail your hard work.
Here’s some of what we cover in this episode:
0:00 – Intro
1:46 – Carrying too much debt
5:26 – The challenges with changing the spending mindset
10:13 – Deferring taxes
14:36 – Starting Social Security at 62
Securities and Advisory Services Offered Through CreativeOne Securities, LLC Member FINRA/SIPC and an Investment Advisor. CLC Financial Services and CreativeOne Securities, LLC are not affiliated.
Licensed Insurance Professional. We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
Investing involves risk, including the loss of principal. No Investment strategy can guarantee a profit or protect against loss in a period of declining values. Any references to protection benefits or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity products are backed by the financial strength and claims-paying ability of the issuing insurance company.