Biggest Money Mistakes in Retirement with Chad Castle and Jessica Burch

The Income For Life Show

In the complex world of retirement planning, there are countless pitfalls one could fall into. In this episode, we've distilled it down to what we believe are the top 5 mistakes to watch out for. Avoiding these crucial missteps can have a significant impact on the success of your retirement plan. Join us as we delve into these key issues and learn how to navigate them effectively when it's your turn to plan for retirement.

We are excited to be joined by Chad Castle, RICP®, and Jessica Burch, MBA, co-founders of Winnow Wealth, for this week’s episode. We ask them some get-to-know-you questions before sharing a few quotes of the week from George Lorimer and R.C. Sherriff. We also discuss a MarketWatch article on the potentially stormy future of US stocks coming in September.

For this week’s mailbag question, Gabe from Houston asks if he should start withdrawing from his 401k, IRA, Roth, or mutual fund first. For this week’s Retirement Ride Along segment, Chad and Jessica share some of their favorite spots in the Dallas, Waco, and Fort Worth area.

Here's what we'll discuss on today's show:

• Get-to-know-you questions: Favorite phone apps, most beautiful place you’ve ever vistied, bingeable TV shows. (5:46)
• Chad and Jessica share more about their background and Winnow Wealth. (19:33)
• MarketWatch Article: A Stormy September For US Stocks May Lie Ahead… (41:29)
• 5 biggest money mistakes in retirement planning. (52:25)
• Mailbag: I have our retirement savings spread out between my 401k to IRAs, a Roth, and several mutual funds purchased with after-tax dollars. Which account should I start withdrawing from first? (1:21:47)
• Retirement Ride Along: Exploring Dallas, Waco, and Fort Worth with Jessica and Chad. (1:27:25)

Want to contact us?

Call 888-228-8814 or visit us online at https://incomeforlife.org and check out Folds of Honor at https://foldsofhonor.org to support their mission.

Get your free copy of Preparing for Retirement:

Call [phone] or email [e-mail]

Get in touch with Chad and Jessica!

Email: Hello@winnowwealth

https://calendly.com/chadcastle/income-for-life-15-minute-call?month=2023-08

https://winnowwealth.com/

Links From Today's Show:

MarketWatch Article:

https://www.marketwatch.com/story/what-history-says-about-stock-market-in-september-after-ai-driven-rally-screeches-to-a-halt-in-august-bfae8f62

Ol’ South Pancake House

https://www.olsouthpancakehouse.com/

George’s Restaurant

https://georgesrestaurant.com/

The Tower Club

https://www.invitedclubs.com/clubs/tower-club-dallas

The Lonesome Dove

https://lonesomedovefortworth.com/