The Biggest Retirement Planning Mistake Happens AFTER You Retire
Erin Talks Money | Erin Moriarity
153,497 views
Chapter helps you compare every Medicare Advantage, Medicare Supplement, and Part D plan for free, with support before and after enrollment. Call 510-961-3329 or visit chapter.com/erin
Feeling unsure about your financial future? My team at Root Financial can help: https://learn.rootfinancial.com/erin
Retirement is often sold as a finish line — a point where life finally becomes financially predictable. You stop working, set a retirement budget, adjust it for inflation each year, and simply follow the plan. But real retirement doesn’t work that way. In this video, we break down one of the biggest myths in retirement planning using powerful research and real-world retiree spending data from the J.P. Morgan Guide to Retirement.
This video also walks through practical retirement strategies designed to help retirees build a more flexible and durable retirement system.
If you are interested in retirement planning, retirement investing, safe withdrawal rates, retirement income strategies, financial independence, Social Security planning, retirement cash flow, Roth conversions, wealth preservation, retirement psychology, or how to create a retirement plan that can survive real life — this video is for you.
JP Morgan Guide to Retirement: https://am.jpmorgan.com/us/en/asset-m...
00:00 - Intro: Retirement Isn’t Stable — And The Data Proves It
01:45 - Chapter 1: The Most Expensive Lie In Retirement Planning
03:02 - Chapter 2: Retirees Don’t Spend The Same Amount Every Year (And It’s Not Even Close)
04:42 - Chapter 3: The Spending Shocks Nobody Warns You About
06:27 - Chapter 4: Why 1 In 3 Households Quietly Break When Life Happens
08:04 - Chapter 5: The Sequence Risk Trap (Where Spending Shocks Get Lethal)
11:02 - Chapter 6: What Retirement Spending Actually Looks Like (It’s A Wave, Not A Line)
12:54 - Chapter 7: The Resilience Playbook — Four Steps For A Plan That Bends Instead Of Breaks
13:12 - Step 1: Build A Real Cash Reserve (Bigger Than You Think You Need)
14:57 - Step 2: Spend Dynamically — Use Guardrails, Not Cruise Control
16:49 - Step 3: Raise Your Income Floor (Why Guaranteed Income Changes Retirement)
18:54 - Step 4: Use Buckets To Match Money To Time
20:22 - Chapter 8: Stop Trying To Build A Perfect Retirement
22:16 - Bloopers
Some of my favorite books: https://amzn.to/3KF3tlr
Camera & equipment I use: https://amzn.to/3Z20lof
Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.
Join the family & subscribe to my channel here: erintalksmoney
Advisory services are offered through Root Financial Partners, LLC, an SEC-registered investment adviser. This content is intended for informational and educational purposes only and should not be considered personalized investment, tax, or legal advice. Viewing this content does not create an advisory relationship with Root Financial.
We do not provide tax preparation or legal services. Always consult an investment, tax or legal
professional regarding your specific situation. The strategies, case studies, and examples discussed may
not be suitable for everyone. They are hypothetical and for illustrative and educational purposes only.
They do not reflect actual client results and are not guarantees of future performance. All investments
involve risk, including the potential loss of principal.
Comments reflect the views of individual users and do not necessarily represent the views of Root
Financial. They are not verified, may not be accurate and should not be considered testimonials or
endorsements.
Erin Moriarity has a financial relationship with Chapter and may receive
compensation if you use this affiliate link. Chapter is not affiliated with Root Financial Partners, LLC.
Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options.
20 Comments
I would also state that something that comes up on a recurring basis - property tax, auto registration, etc., should not be considered an unexpected financial event. Plan for them. This is why retirement planning needs to look at historical expenses, including frequency and dollar amounts. Without this information you haven't actually planned for retirement.
I am replenishing my savings and living through portfolio wins, a housemate, and a small annuity. My plan of starting social security and Medicare at 65 stays solid. I’m now planning a 20k emergency savings fund- Minimum!
I enjoyed this video and plan on a huge safety bucket for emergencies.,❤
Life totally happens, so if a person cannot get much guaranteed income, they absolutely need a portfolio of around a million, plus cash reserves. Glad that you mentioned long-term care...that is a huge cost if the stay is longer than a year.
Great analysis!
BEST of the BEST you are Erin!
Congrats! 👏
The Biggest Retirement Planning Mistake Happens AFTER You Retire
Erin Talks Money | Erin Moriarity
153,497 views
Chapter helps you compare every Medicare Advantage, Medicare Supplement, and Part D plan for free, with support before and after enrollment. Call 510-961-3329 or visit chapter.com/erin
Feeling unsure about your financial future? My team at Root Financial can help: https://learn.rootfinancial.com/erin
Retirement is often sold as a finish line — a point where life finally becomes financially predictable. You stop working, set a retirement budget, adjust it for inflation each year, and simply follow the plan. But real retirement doesn’t work that way. In this video, we break down one of the biggest myths in retirement planning using powerful research and real-world retiree spending data from the J.P. Morgan Guide to Retirement.
This video also walks through practical retirement strategies designed to help retirees build a more flexible and durable retirement system.
If you are interested in retirement planning, retirement investing, safe withdrawal rates, retirement income strategies, financial independence, Social Security planning, retirement cash flow, Roth conversions, wealth preservation, retirement psychology, or how to create a retirement plan that can survive real life — this video is for you.
JP Morgan Guide to Retirement: https://am.jpmorgan.com/us/en/asset-m...
00:00 - Intro: Retirement Isn’t Stable — And The Data Proves It
01:45 - Chapter 1: The Most Expensive Lie In Retirement Planning
03:02 - Chapter 2: Retirees Don’t Spend The Same Amount Every Year (And It’s Not Even Close)
04:42 - Chapter 3: The Spending Shocks Nobody Warns You About
06:27 - Chapter 4: Why 1 In 3 Households Quietly Break When Life Happens
08:04 - Chapter 5: The Sequence Risk Trap (Where Spending Shocks Get Lethal)
11:02 - Chapter 6: What Retirement Spending Actually Looks Like (It’s A Wave, Not A Line)
12:54 - Chapter 7: The Resilience Playbook — Four Steps For A Plan That Bends Instead Of Breaks
13:12 - Step 1: Build A Real Cash Reserve (Bigger Than You Think You Need)
14:57 - Step 2: Spend Dynamically — Use Guardrails, Not Cruise Control
16:49 - Step 3: Raise Your Income Floor (Why Guaranteed Income Changes Retirement)
18:54 - Step 4: Use Buckets To Match Money To Time
20:22 - Chapter 8: Stop Trying To Build A Perfect Retirement
22:16 - Bloopers
Some of my favorite books: https://amzn.to/3KF3tlr
Camera & equipment I use: https://amzn.to/3Z20lof
Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.
Join the family & subscribe to my channel here: erintalksmoney
Advisory services are offered through Root Financial Partners, LLC, an SEC-registered investment adviser. This content is intended for informational and educational purposes only and should not be considered personalized investment, tax, or legal advice. Viewing this content does not create an advisory relationship with Root Financial.
We do not provide tax preparation or legal services. Always consult an investment, tax or legal
professional regarding your specific situation. The strategies, case studies, and examples discussed may
not be suitable for everyone. They are hypothetical and for illustrative and educational purposes only.
They do not reflect actual client results and are not guarantees of future performance. All investments
involve risk, including the potential loss of principal.
Comments reflect the views of individual users and do not necessarily represent the views of Root
Financial. They are not verified, may not be accurate and should not be considered testimonials or
endorsements.
Erin Moriarity has a financial relationship with Chapter and may receive
compensation if you use this affiliate link. Chapter is not affiliated with Root Financial Partners, LLC.
Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options.