3 Financial Decisions You Can’t Easily Undo

Some retirement decisions can be adjusted over time. Others come with a very small window to change your mind, and some may be almost impossible to undo once the paperwork is signed. That makes it especially important to understand the consequences ahead of time. Social Security claiming, pension payout choices, and inherited retirement accounts can all create long-lasting effects. But once you've made your choice on when and how to take the payments, those effects may be permanent. Never rush through the choices just because one option looks simple or pays more today. Which retirement decisions are hardest to undo, and what do you need to think about before making them? Learn more from podcast host Johnny Dean and Rick “The Professor” Plum, CFP® on this week’s episode of Managing Your Financial Future!