How to avoid retirement regrets

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Recent research revealed that the majority of retirees all faced similar regrets in retirement. So what are some things individuals can do to avoid any retirement remorse? In this episode of Decoding Retirement, Robert "Bob" Powell speaks with Olivia Mitchell, professor at Wharton School at the University of Pennsylvania, about the regrets individuals are facing in retirement, the number one being that they didn't save enough. Olivia states that due to the future insolvency of the Social Security Trust Fund, retirement planners will need to save even more for retirement. Find out all the details in this week's episode of Decoding Retirement. Balancing debt and saving (2:50) How could the Social Security Trust Fund be saved from insolvency? "If it had been easy it would have already happened." Retirement regrets (5:30) What do people regret when they retire? "The majority of the respondents said they wished they had saved more." Retiring with debt (16:40) What happens to people who have to retire with debt? "Debt is increasingly troubling older populations." Video highlights: 00:00:50 - The Social Security Fairness Act 00:02:50 - Social Security facing insolvency 00:09:00 - Financial literacy 00:12:50 - Optimally positioning 529 plans 00:10:50 - How to allocate your money 00:16:40 - Retiring with debt 00:19:10 - The importance of financial advice Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means re

Published 2025-02-25 · Watch on YouTube ↗
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