The Unexpected Reasons Retirees Run out of Money | David Caviness, CFP®

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Do you worry about running out of money in retirement? You're not alone.
I'm David Caviness, a Certified Financial Planner™, and I'll be addressing the real reasons retirees often face financial crises.
It's not just about getting the withdrawal rate right. From impulsive spending and gray divorce to long-term care costs and enabling adult children, unexpected pitfalls can significantly impact your retirement savings.
Learn how to set boundaries, diversify your investments, prepare for market volatility, and maintain liquidity to ensure a financially stable future.
If you don't have a financial advisor and could use help, please reach out to me, I am currently taking on new clients and would love to meet and see if we're a great fit.
00:00 Introduction: The Fear of Running Out of Money in Retirement
00:43 Common Pitfalls: Impulsive Spending
01:11 The Financial Impact of Gray Divorce
01:34 Long-Term Care Costs
01:58 Enabling Adult Children
02:24 Real Estate Risks
02:50 Investment Pitfalls
03:13 Sequence of Return Risk
03:40 The Importance of Liquidity
04:04 Conclusion: Comprehensive Retirement Planning
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