EP 186: The Wealth Illusion: More Likely to Misjudge Retirement Preparedness
Many Americans are mistaken about their financial preparedness for retirement. But overconfidence skews higher for the wealthy than for others, according to a new report.
It is believed that booming stock and housing markets may have contributed to a "wealth illusion" among high-income households.
In this episode, Nick Hopwood, CFP® and Preston Gee, CFP® of Peak Wealth Management discuss the importance of taking multiple factors into consideration while planning for retirement- including market fluctuations to unexpected expenses, and changes in personal circumstances. Professional financial advice, proper planning, and regular assessment of retirement strategies can help make more accurate assessments of retirement preparedness.
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