Today we’re going to talk about the five biggest surprises in retirement, but this won’t be the normal conversation from the perspective of a financial advisor. Instead, we’ve invited mom onto the show to give you the view from someone who is already retired and spends time around a lot of others that are as well.

Life after work is not all sunsets and golf courses. Hear my mom's candid anecdotes on the overlooked financial shocks that retirement can spring on you. She shares her firsthand account of managing money in her golden years, from the reality of Social Security payouts to the unforeseen costs of increased social activities and dining out. She highlights the crucial role of an income portfolio that yields dividends and interest. Spoiler alert: it helps ensure you don’t run out of money.

Welcome to Money and Mom, where we’re going to help you navigate retirement planning with expert advice and motherly love.

Here is some of what we’ll cover in this episode:

• What retirement has been like so far for mom.  (3:27)
• The first surprise is realizing how much income you really need in retirement.  (4:30)
• The unexpected expenses you need to get a handle on once you retire.  Finding people that can help you out with things. (16:04)
• Social Security benefits might not provide as much income as you expected. (19:08)
• Why the amount of taxes she had to pay surprised her. (20:06)

Contact Vince Oldre & the CFG Retirement team at https://cfgretirement.com/contact/ or by calling 952-657-7470. And follow our YouTube channel at https://www.youtube.com/@VinceOldre-CFGRetirement