Keen On Retirement™

Most financial people talk about return on investment. Today, we’re going to talk about “return on life” with author and retirement expert Mitch Anthony.

Should retirees “work” in retirement doing something they love? How does that affect your Social Security income? Is paying off your mortgage before you retire a good idea or are you better off with the extra cash cushion? What should you do when you inherit an IRA from your spouse?

Today, we’ll explore these questions and a few more as we take a look at what other people are saying about retirement and whether we think they’re correct…or just misguided.

A significant number of retirees are failing at retirement to some degree and in today’s episode, we discuss what failing means and how you can avoid it. Fortunately, we can identify some of the more common ways people fail at retirement and help you steer clear of them.

When it comes to making money decisions, humans are not always logical. We have a tendency to make behavioral mistakes and let emotions get in the way. Whether it’s being overcome by fear or greed, or letting the recency effect or confirmation bias cloud our judgment, these and other biases can hurt our investment returns.

“History doesn’t repeat itself, but it rhymes,” according to a popular Wall Street saying that is often (mis)attributed to Mark Twain. No matter the source, it makes good copy! Looking beyond its cleverness, the saying does make sense. History never exactly repeats itself but closely studying financial market history can help us avoid making big mistakes in the future.