Jan 14 2025 23 mins
In this empowering episode of Next Act Ninjas, Rachael Van Pelt dives into the world of retirement planning, debunking seven pervasive myths that can derail your financial future. From the misconception that Social Security is sufficient to cover retirement expenses, to the myth that downsizing will solve financial challenges, Rachael offers clarity, action steps, and inspiration to help you take control of your wealthspan.
Learn how to:
- Create diversified income streams beyond Social Security.
- Maximize your 401(k) and Roth IRA contributions for long-term growth.
- Leverage HSAs and other tools to tackle rising healthcare costs.
- Strategically approach downsizing or alternative housing solutions.
- Overcome the belief that it's “too late” to catch up on savings.
Packed with real-life examples, practical advice, and Rachael's signature blend of expertise and encouragement, this episode is your roadmap to building a secure and vibrant retirement.
Whether you're ready to retire or just starting to plan, tune in to discover how to create a future you can thrive in—financially and emotionally. Take action today to create your best next act!
Chapters
00:00 Introduction to Retirement Finance Myths
01:15 Myth #1 - Social Security Will Cover Most of Your Retirement
05:26 Myth #2 - Your 401(k) Match Is Enough
09:32 Myth #3 - You Can Work as Long as You Want
11:54 Myth #4 - Medicare Will Cover All Your Medical Expenses
14:32 Myth #5 - Downsizing Will Free Up Money for Retirement
17:20 Myth #6 - It’s Too Late (I’m Too Old) to Catch Up on Savings
20:29 Myth #7 - You Can Wing It
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Lifestyle Longevity Assessment: https://bit.ly/3Ajb46K
Connect with Rachael: https://calendly.com/rachael-vanpelt/discovery
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Rachael Van Pelt, PhD, is a healthspan scientist, coach, Realtor, and investor dedicated to helping pre-retirees design a lifestyle that supports health, wealth, and happiness for the long haul. With a unique blend of expertise in longevity research, lifestyle coaching, and real estate, Rachael specializes in guiding clients toward their ideal next chapter—whether it’s downsizing, embracing a sunbird lifestyle, or simply optimizing the home they love. Through her innovative approach, Rachael empowers her clients to choose the path that enhances their health and longevity, ensuring that their retirement years are as vibrant, fulfilling, and financially secure as possible.
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