It’s playoff season! How is football a lot like saving for retirement? Well, you want to protect your plan as you enter the retirement red zone. Similar to how a quarterback protects the ball as he gets close to the end zone. The last 5 to 10 years before you retire is considered the financial red zone. During this time, you want to lock down your plan and get really serious about planning.
Protecting yourself against unnecessary risk and debt is really important during these years. On today’s episode, we’ll discuss the common mistakes people make during the retirement red zone and how you can avoid fumbling your retirement plan.
What we discuss:
2:56 – What is the financial red zone?
4:36 – Why do you need to play it safe?
6:20 – Taking on more risk than necessary
7:41 – Running the time out for victory
9:44 – Why is retirement planning easier?
11:51 – Having a coach on your side
Get additional financial information: https://retirementplaybookpodcast.com/