REPLAY | 5 Things Nobody Tells You About Retirement
Big Picture Retirement®
Devin Carroll
4.7 • 546 Ratings
🗓️ 24 February 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
We've heard this hundreds of time... 'I wish someone had warned me about this when I retired.' More often than not, they're referring to one of five key challenges that catch many retirees by surprise.
In today's episode, we're diving into each of these five areas. If you're on the cusp of retirement, this is crucial viewing to help you steer clear of unexpected hurdles and enter this new phase of life with confidence. Pay particular attention to the last point–it's the most frequently mentioned and the most impactful. Being unprepared for this could have significant consequences, so make sure you are ready for this.
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Don't miss the Big Picture Retirement Planning Cheat Sheet. We've distilled the essential brackets, thresholds, and rules of retirement into an easy-to-digest, three-page summary. https://www.carrolladvisory.com/pl/2148282517
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Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.
Contact Devin's team at https://carrolladvisory.co/podcast1
Contact John's team at https://www.rossandshoalmire.com/
Transcript
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| 0:00.0 | The Big Picture Retirement Show does not provide tax, legal, or financial advice. |
| 0:04.3 | Listeners are encouraged to seek out their own advisors in these areas. |
| 0:10.6 | Hey, everyone, welcome to the Big Picture Retirement Show. |
| 0:13.7 | I'm your host, Devin. |
| 0:14.6 | Join today by John Ross, my co-host. |
| 0:17.6 | Howdy. |
| 0:30.4 | Okay. my co-host. Howdy. All right, John, I can't tell you how many times I've heard someone say, |
| 0:34.5 | Devin, when I retired, no one told me to expect this. |
| 0:40.3 | And usually the story that comes after that has something to do with one of five things. So, you know, I certainly think every retirement is unique. Everyone has their own story to |
| 0:46.2 | tell in retirement. But there's always these five things that slip up and kind of torpedo people |
| 0:51.7 | that they didn't really know that it was going to hit them that way. |
| 0:56.4 | Yeah. I mean, you know, you and I both talk to a lot of retirees on a daily basis. And, |
| 1:01.7 | and yeah, you can start to see over time, you know, he's like, yeah, that's not the first time |
| 1:07.1 | I've heard somebody say that. Yeah. No question. So, you know, the first thing that I've heard is that they now feel differently, even if they didn't expect to, they now feel |
| 1:16.4 | differently about stock market fluctuation, right? When they were working, they were in their job, |
| 1:20.7 | they had that flotation device of a regular paycheck. Now they're retired, and they don't have that |
| 1:26.4 | anymore. And so now these stock market fluctuations can feel magnified. |
| 1:31.2 | And it's not only the value of their portfolio going down at this point. |
| 1:34.6 | Now it's a direct threat to their ability to continue to live in retirement. |
| 1:38.9 | Oh, yeah. |
| 1:39.4 | Yeah, I'll get folks all the time. |
| 1:41.1 | They'll say they'll make statements like, you know, I just can't go through another downturn. |
... |
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