A little hope is good for the soul, but when it comes to retirement planning, wishful thinking can lead to serious financial mistakes. Today, Scott’s walking through five common examples of wishful thinking that can quietly damage your retirement, and how you can build a plan that protects your future instead of relying on luck.
From assuming you’ll be in a lower tax bracket to putting blind faith in past market returns, this episode challenges the narratives that lull us into financial complacency. Scott breaks down the most common forms of financial denial he sees and how you can pivot from passive optimism to proactive planning. If you’re counting on being in a lower tax bracket in retirement or simply “working longer” to solve your future, you’ll want to tune in!
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OvercastHere’s some of what we discuss in this episode:
🧾 A major tax myth you need to face
🏠 Does cost of living ever drop?
⚠️ The dangers of DIY Planning
🎢 Market return assumptions that could backfire
0:00 – Intro
1:07 – Optimism vs. wishful thinking
2:46 – #1: The tax bracket myth
6:32 – #2: Assuming market returns
8:55 – #3: “I’ll Just Keep Working”
10:45 – #4: Cost of living illusions
14:38 – #5: DIY Financial Planning
Resources for this episode:
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