Welcome to a new week here on the Retirement Quick Tips podcast! I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I’m a Chartered Retirement Planning Counselor and I’m using my 15 years of experience as a financial advisor to help you gain clarity and make a plan for the retirement you envision.

On this podcast, I cover everything from investing, to retirement spending, to taxes in retirement in just a few minutes each day, so if you’re 5-10 years on either side of retirement, and looking for some daily doses of retirement planning wisdom, stick around this week as I talk about Crafting Your Retirement Budget. 

[What I’m not going to talk about - traps that are so obvious or might only apply to young people]

Timeshare in Mexico…I wasn’t born yesterday so you’ll need to do more than a free breakfast to get me to attend your timeshare presentation! A free round of golf, and a nice dinner for my mom and mother in law and my sister over here, and then maybe I’ll waste a couple hours sitting through your high pressure sales pitch. 

Thankfully I just kept saying no to their lame free breakfast offer, because I am a real sucker for a good sales pitch. And there's at least a 50/50 chance that I would be the reluctant owner of a timeshare in Mazatlan today if I didn’t know better.

But that’s the problem, many of us don’t learn our lesson until it’s too late, so this week, I’ll share with you why timeshares and other money traps should be avoided to help you steer clear of these bad financial blunders.

That’s it for today. Thanks for listening! Come on back tomorrow…where I’ll talk about a newer money trap: the buy now, pay later apps.

My name is Ashley Micciche...and this is the Retirement Quick Tips podcast.

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance