One of the benefits of working with an experienced financial advisor is being able to lean on their years of working with retirees to help you avoid the same mistakes that many other people have made. We shared five of the most common planning missteps on our latest episode of Money Wisdom with Nicholas J. Colantuono, CFP®.

Here’s some of what we discuss in this episode:

• Why you can’t ignore the future tax implications of your retirement savings.
• What considerations you need to make before you decide when to take Social Security.
• Don’t focus on returns rather than income during retirement.
• Why you shouldn’t be taking financial advice from your friends and family.
• People will swing way too far one way or the other when it comes to risk.

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