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The Meaningful Money Personal Finance Podcast

Avoiding Costly Mistakes In Retirement

The Meaningful Money Personal Finance Podcast

Pete Matthew

Education, Business, Investing

4.91.7K Ratings

🗓️ 17 June 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

In retirement, any mistakes you make with your finances are likely to be more costly simply because you may not have the time to undo them. I want to try and help you side-step them before they become an issue for you, and as always, that starts with awareness.

Transcript

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0:00.0

Hi folks and welcome to the Mean for Money Podcast you put your finances in order.

0:17.0

My name is Pete Matthew and I'm going to share with you everything you need to know and everything you need to do to secure your financial future.

0:23.4

I'm here to help you make sense of money.

0:25.7

Here we are once again great to have you with me looking a little bit unshaven and

0:38.6

beady I did intend to sort that out before hitting record here but I didn't so hope you don't mind too much

0:46.3

and hope that you're all bearing up in it all.

0:48.5

Now in retirement any mistakes that we make are likely to be more costly simply because

0:55.8

particularly with financial mistakes obviously we might not have the time

0:59.2

to undo them. So I want to try and help you sidestep any financial mistakes before they become an issue for you and as always that starts with awareness right so

1:08.9

Avoiding costly mistakes in retirement that's what we're talking about today as usual after the main body of the show I look at a review that's been the before any of it, remember this podcast continues to be brought to you with the help of my friends

1:24.7

at Seven Investment Management.

1:27.0

They've been helping me out on meaningful money here for ages and I'm really grateful to them

1:30.3

for that just for their persistence and keeping going over all this time.

1:33.5

Next spring it'll be 10 years they'll have been helping me out here which is just

1:37.4

an incredible commitment so massive thanks to them do check out what they're up to

1:40.9

there at 7.I.m. dot code at UK. Go check him out.

1:47.0

Okay I think you know before we start it's important to remember that all mistakes have degrees, you know, they're not all binary if you see what I mean.

1:55.8

Sometimes a mistake is a question of something being suboptimal rather than outright wrong,

2:01.5

but obviously that can still cost you money.

2:03.6

So let's see what we can do to minimize the chance of that, shall we? And a little bit

2:07.4

like last week rather than what you need to know, followed by what you need to do,

2:10.3

I'll be addressing the mistakes and then their preventative cure such as they are one at a time

...

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