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Are you making these mistakes that could sabotage your retirement? In episode 79 of the YMYW podcast, learn tips to avoid making costly financial mistakes with your nest egg. Original publish date November 5, 2016 (hour 1). Note that content may be outdated as rules and regulations have changed.

00:00 - Intro

03:15 - \u201cYou\u2019ve got public pension plans and private pension plans, and sometimes they play by different rules.\u201d

06:43 - \u201cThe problem with some of these defined benefit plans and why there is $1.7 trillion underfunded is the assumptions are a little off.\u201d

09:43 - \u201cThe point is, you don\u2019t have any control over these defined benefit plans.\u201d

12:18 - \u201cMistake one is failing to plan for medical expenses.\u201d

17:00 - \u201cMistake number four is helping out adult kids.\u201d

19:03 - \u201cWhen it comes to retirement, you have to pull money out of your IRAs and 401(k)s and you pay taxes on that. A lot of people don\u2019t realize that. In many cases when you\u2019ve done a great job saving you\u2019re in a higher tax bracket even when you\u2019re working because of that required minimum distribution.\u201d

22:04 - \u201c[one of] the seven scariest retirement moves\u2026is holding most of your retirement funds in a single company stock.\u201d

24:32 - \u201cIf you do have company stock and you\u2019re heavily weighted there, before you diversify out \u2013 just make sure that you understand net unrealized appreciation.\u201d

33:11 - \u201cHere\u2019s another scary retirement move: thinking you can actually beat the stock market.\u201d

36:20 - \u201cNo tax diversification - that means you\u2019ve got all your assets in your retirement accounts\u2026\u201d