
About this episode
Are you relying too heavily on Social Security, ignoring long-term care costs, or underestimating the tax hit on your nest egg? In this episode of Protect and Grow Chicagoland Retirement, host Tim Stearns, CFP, and Peter break down the most critical financial wake-up calls every future retiree needs to address before it's too late.
Together, they dive deep into:
The Social Security Myth: Why Social Security was only designed to cover up to 40% of your retirement income.
Hidden Healthcare & Long-Term Care Costs: Navigating out-of-pocket expenses that Medicare doesn't cover and why 70% of retirees will need long-term care.
Sequence of Returns Risk: Protecting your portfolio from market volatility during the crucial early years of retirement.
The Tax Trap: Why taxes—not healthcare—are often a retiree's single biggest expense, and how RMDs can trigger unwanted surcharges.
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DISLCAIMER:
Securities offered through Crown Capital Securities, L.P. Member FINRA / SIPC OSJ
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