According to Bankrate.com, nearly three‑quarters of U.S. adults report at least one financial regret. In this video, JB with Beckett Financial Group and Erin Kennedy break down the top 5 planning mistakes; they are:
1. Not having a “GRIP” on your retirement: GRIP is an acronym for Guaranteed Retirement Income Plan
2. Taking inappropriate risks: either being too aggressive or too conservative can derail your retirement
3. A “gross” planning mistake: focusing too much on the “gross” amount in your tax-deferred retirement accounts, without taking taxes into account
4. Not having a plan for long-term care
5. Not Optimizing Social Security