The kids may be heading back to class, but it’s a perfect time for adults to crack open the books too, especially when it comes to retirement. In this episode, Scott puts listeners to the test with a series of essential retirement planning questions every retiree should know.
Tune in as we uncover some of the gaps that can trip people up when planning for the future- from Social Security to IRA contributions and RMDs. If you can’t answer them all, don’t worry: it’s a helpful reminder that a little preparation today can prevent big surprises tomorrow. Grab your pencil and see how you score!
Here’s some of what we discuss in this episode:
✏️ At what age can you receive full Social Security benefits if born after 1960?
✏️ What is the IRA contribution limit for those 50 or older in 2025?
✏️ Which retirement accounts require RMDs?
✏️ What does the 4% rule refer to in retirement planning?
✏️ What financial risks do many retirees face?
0:00 – Intro
0:38 – Social Security
1:44 – IRA contribution limit
2:29 – RMDs
3:27 – 4% rule
4:55 – Financial risks
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