In this conversation, the hosts discuss the financial planning habits of wealthy individuals and how they differ from those of the general population. They emphasize the importance of long-term financial planning, acting thoughtfully rather than impulsively, and the necessity of working with financial professionals. The discussion transitions into the various penalties retirees may face, including RMD penalties, early withdrawal penalties, and Medicare enrollment penalties, providing strategies to avoid these costly mistakes. In this episode of Sound Path to Retirement, Gary Nolan, Ben Koval  and Matt Lieberger discuss critical aspects of retirement planning, focusing on healthcare costs, long-term care, and the importance of a comprehensive financial strategy. They address listener questions about tax strategies, refinancing mortgages, and planning for special needs children, emphasizing the need for personalized financial advice and planning.

 

Reach out to Ben and Matt at 877-249-6900 or https://soundpathretirement.com/

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