Phil's Tax Hacks
5 Financial Frights That Keep Retirees Up at Night
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Show notes
It's spooky season. And while most people are thinking about haunted houses and horror movies, a lot of pre-retirees have scarier things on their minds: running out of money, or a market crash at exactly the wrong time. Today, Phil’s shining a flashlight on five of the biggest financial frights and how to prepare for them. Most of what scares people about retirement isn't the event itself. It's not knowing what happens next. A plan won't make the unknowns disappear, but it can make them a lot less frightening. Happy Halloween.
Here’s some of what we discuss in this episode:
💸 Running Out: Build income for essential expenses
📉 Market Risk: Prepare for poor early returns
🏥 Healthcare: Account for rising medical costs
🩺 Long-Term Care: Stress-test expensive care scenarios
❤️ Widow’s Penalty: Prepare for survivor tax changes
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