5 Financial Mistakes to Avoid in Your 60s

February 13, 2025

Financial mistakes can happen at any age, but they can have a particularly significant impact in your 60s. In today’s episode, Frank discusses 5 common financial blunders to avoid during this pivotal decade.

He breaks down the missteps that could derail your retirement plans, from claiming Social Security too early to failing to take full advantage of tax benefits in your planning. We’ll also share practical strategies to help you stay on track and make informed financial decisions. Tune in to ensure you’re not making these five financial mistakes!

Here’s what we discuss in this episode:

0:00 – Intro

0:55 – Ignoring retirement planning

3:10 – Failing to utilize tax benefits

5:26 – Failing to protect your assets

7:06 – Taking Social Security benefits without a plan

9:50 – Over or under reliance on fixed income

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Licensed Insurance Professional. Respond and learn how financial products, including life insurance and annuities can be used in various planning strategies for retirement. The information contained herein is based on our understanding of current tax law. The tax and legislative information may be subject to change and different interpretations. We recommend that you seek professional tax advice for applicability to your personal situation.

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