Social Security – Ramp Up to Retirement

Preparing for Retirement: Key Challenges and Solutions (Ep. 9)

By Ramp Up to Retirement | March 26, 2025

Are you wondering about the top pitfalls to avoid as you plan for retirement? Why do so many retirees end up facing unexpected financial challenges?

Tune in to this episode, where Dan Reese, host of “Ramp Up To Retirement,” invites Senior Wealth Advisor Brent Oliver to discuss eight critical retirement blunders you should avoid.

Together, they shed light on common mistakes like underestimating the true cost of health care, overlooking future tax liabilities, and relying too heavily on Social Security. Brent emphasizes the importance of flexible planning and proactive tax strategies, sharing insider tips to help ensure a smooth financial journey into retirement. Whether you’re five years away or already retired, there’s something for everyone in this insightful episode.

Dan and Brent discuss:

(04:25) Overestimating regular living expenses
(07:10) Ignoring skyrocketing healthcare costs
(09:56) Misjudging the impact of taxes
(14:28) Retiring sooner than anticipated
(15:33) Supporting loved ones financially
(17:41) Underestimating longevity
(20:09) Counting solely on Social Security
(22:55) Neglecting required minimum distributions
And more

Resources:

Carson Wealth Retirement Readiness Quiz

Connect with Dan Reese CFP®:

Connect with Brent Oliver:

About our Guest:

Brent Oliver is a Senior Wealth Advisor based in Jackson, Michigan, with 11 years of experience in the field. As a CERTIFIED FINANCIAL PLANNER™ professional and Senior Wealth Advisor, Brent helps families identify and work towards achieving their financial goals. His comprehensive approach to wealth management helps families identify where they are today, where they want to be, and what gaps might prevent them from achieving all that is important to them. He has the heart of a teacher and works with clients to ensure they understand why strategies are being employed and how they can help families reach their goals.

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Avoiding Common Retirement Blunders (Ep. 5)

By Ramp Up To Retirement | October 30, 2024

What are the biggest financial blunders to dodge as you approach retirement?

In this episode, Dan Reese walks us through some key financial missteps that retirees often encounter and shares tips on how to steer clear of them. From budgeting and unexpected expenses to managing taxes and understanding the nuances of Social Security, Dan lays a foundation for avoiding these pitfalls. You’ll also learn about the importance of incorporating healthcare costs and planning for longevity into your retirement strategy.

Dan discusses:

(02:29) Budgeting beyond the essentials to accommodate unexpected expenses
(05:31) Healthcare costs and planning for inflation in retirement
(09:57) Factoring in taxes into financial decisions and avoiding costly missteps
(13:48) The impact of early retirement – planned or unplanned
(20:05) Planning for longevity to ensure you don’t outlive your savings
(23:03) Utilizing Social Security and maximizing benefits
(26:21) Required Minimum Distributions (RMDs) and integrating tax planning

Tune in for actionable insights and practical advice that can help you steer clear of pitfalls and secure a smooth, stress-free retirement. Don’t miss out on this crucial episode that every prospective retiree should hear!

Resources:

Connect with Dan Reese CFP®:

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