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Beware the Retirement Trap No One Talks About
Lou Carlozo of Yahoo Finance goes beyond withdraw rates and the “when should you start Social Security” in this piece. He writes the most common retirement trap is “going into retirement without knowing how much [money] is enough and constantly wanting more.” He draws on former financial advisor Humphrey Yang’s YouTube videos. Yang believes the problem is more psychological than financial, as “Everybody always wants more money, especially in the society that we live in — and I think that drives a harmful type of mindset.” Yang addresses how to replace financial uncertainty with greater clarity as you head into your golden years. Full piece here.