Financial Confidence Podcast
Welcome to the Financial Confidence Podcast! Where we help you feel prepared for whatever life brings next. Hosted by Mike Schuster of Schuster Anderson Wealth Advisors, each episode offers practical insights and real‑world guidance to help you make confident, informed financial decisions at every stage of life.
Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Cambridge Investment Research, Inc., a registered Broker/Dealer, Member FINRA/SIPC. Fixed insurance offered through various independent insurance companies. Cambridge does not offer tax or legal advice.
Financial Confidence Podcast
Financial Confidence In: Four Common Mistakes Made in Early Retirement | Episode 36
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The early years of retirement matter more than most people realize—and the mistakes made during this window can be difficult to reverse.
In this episode of the Financial Confidence Podcast, Mike Schuster breaks down four of the most common mistakes people make early in retirement—and what you can do to avoid them.
From claiming Social Security too early to underestimating healthcare costs, these decisions can have a lasting impact on your long-term financial confidence
In this episode, we cover:
- Claiming Social Security too early
- Over Spending in the Early Years and the Different Stages of Retirement
- Ignoring Sequence of Return Risk
- Poor tax and withdrawal planning
These aren’t small decisions—they can affect your financial future for decades.
The good news: with the right strategy and planning, they’re avoidable.
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