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Podcast: Trust the Plan Podcast with Nick Hopwood, CFP® and Jim Pilat, CFP®
Episode: EP 186: The Wealth Illusion: More Likely to Misjudge Retirement Preparedness
Description: Many Americans are mistaken about their financial preparedness for retirement. But overconfidence skews higher for the wealthy than for others, according to a new report.
It is believed that booming stock and housing markets may have contributed to a "wealth illusion" among high-income households.
In this episode, Nick Hopwood, CFP® and Preston Gee, CFP® of Peak Wealth Management discuss the importance of taking multiple factors into consideration while planning for retirement- including market fluctuations to unexpected expenses, and changes in personal circumstances. Professional financial advice, proper planning, and regular assessment of retirement strategies can help ma...