Are you planning for your retirement with the confidence that you're making all the right moves? In today's episode, we'll unveil the crucial income planning mistakes that could put your retirement at risk.

From overlooking inflation to neglecting to diversify income sources beyond Social Security, Frank and Walter will walk you through the key pitfalls to avoid when planning for retirement. Stay tuned to learn how important it is to craft a financial plan that is designed to last decades, not just years.

Don’t miss our fun getting-to-know-you segment at the end of the episode to learn more about Frank. After that, we’ll tackle a listener question from Randall, who asks whether he should move his retirement savings to cash due to recent market volatility. 

Here’s some of what we discuss in this episode:

0:00 – Intro

3:33 – Planning to be retired for years, not decades

5:37 – Starting Social Security too early

7:43 – Assuming bonds will be your main income source

10:15 – Ignoring inflation

12:30 – Forgetting lifetime income streams outside Social Security

17:08 – Getting to know Frank

19:36 – Mailbag question