Retirement Planning Mistakes We've Seen and How You Can Avoid Them

Some retirement mistakes can go unnoticed. They might show up years later as a higher tax bill, a portfolio that never got back to where it was, or a single stock that has grown into a larger share of the portfolio than anyone intended. In this short video, Mike Ptaszenski, Matt Fatz, and Steve Erfle each walk through one mistake they see often, and what they look at when it comes up. Timestamps 00:00 3 Retirement Mistakes That Can Cost You Money 00:15 Meet the Thrive Wealth Management Team 00:30 Mistake #1: Missing Low-Tax Years After Retirement 01:02 How Social Security, RMDs & IRMAA Can Affect Taxes 01:16 Using Low-Income Years for Roth Conversions 01:49 Mistake #2: Retiring as Soon as You Hit Your Savings Number 02:02 Why Your Retirement Timing Matters 02:23 Preparing for a Market Drop Early in Retirement 02:47 Mistake #3: Holding Too Much Company Stock 03:05 How Concentrated Stock Positions Build Up 03:26 Strategies for Gradually Diversifying Company Stock 03:39 Net Unrealized Appreciation (NUA) Explained 04:05 What These Retirement Mistakes Have in Common 04:33 Coordinating Your Retirement, Tax & Estate Planning 04:43 Talk With Thrive Wealth Management