We all have some things we would have liked to differently in hindsight, especially as it relates to our finances. That might be especially true in 2020 as we all deal with difficult circumstances due to COVID-19. Here are some things we might hear about our planning decisions in hindsight.
Read more and get additional financial resources here: https://pffirm.com/2020/10/hindsight-in-20-20-in-financial-planning/
What we discuss on this show:
3:42 - I got scared after the market crashed and put my money in cash. Now I’ve missed the big run up in the market.
6:50 - I didn’t realize how much risk I was taking on.
9:30 - I didn’t understand my options with Social Security and I should have waited to start taking it later.
11:17 - I should have put more money into a Roth IRA rather than saving so much in my 401k.
13:45 - I probably retired too early and I might need to go back to work.
15:36 - Mailbag question: I’m getting a big tax refund and have for the last several years. Am I better off keeping more money throughout the year?