Baby Boomers Money Mistakes
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Baby Boomers Money Mistakes
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About this listen
In this episode of the Ambassador Wealth Power Hour, Jackie Selby and Esa Jokela delve into the financial pitfalls that baby boomers often encounter as they approach retirement. They discuss six surprising money mistakes, starting with the overestimation of Social Security benefits. Esa emphasizes that many individuals mistakenly believe Social Security will be their primary source of income, when in fact, it is designed to be a supplemental benefit. With the average monthly benefit hovering around $1,900, it's crucial for retirees to have additional income sources to ensure a comfortable lifestyle.
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