Retiring too early and going back to workĭid you retire too early and discover that you need to go back to work and make more money? You may have trouble finding a job. Not everyone knows that’s an option.ĭid you put money in a traditional 401K instead of a Roth IRA? It might be time for a Roth conversion. Just pay back the money you took out, reverse your application and start over again. If you draw social security and wish you hadn’t taken it so early, you can make a change within the first 12 months.
WITH THE BENEFIT OF HINDSIGHT PODCAST SOFTWARE
They worked hard for it.”īut instead of panicking, they should have consulted a financial advisor and used them as a sounding board.ĭo you know the risk factor for how your money is invested? Our team uses software to help you understand your investments, set an expectation of risk and explain how your portfolio is affected. “People get emotional, and rightfully so,” said Ben. When the market rebounded, they kicked themselves for selling. When the market went down earlier this year, some people got scared and took their money out. On this episode of Unlocking Your Financial Future, we look at five common money mistakes people have made this year. Have you ever looked back on a financial decision and thought, “I wish I would have done that differently”? Decisions about money are a lot easier with the benefit of hindsight.
Here are some common mistakes people have made this year and how hindsight could have helped them in 2020.Ĭlick the timestamps below to skip to a specific topic in the episode. Financial decisions are a lot easier with the benefit of hindsight.
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