01-11-25 ARI News AM

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Today’s Story

Retirement planning isn’t just about saving money—it’s about avoiding costly mistakes that can eat away at your nest egg. One common error is withdrawing too much from retirement accounts too quickly, which can lead to early depletion of funds. Experts recommend following the 4% withdrawal rule to help ensure your savings last throughout your retirement.

Another mistake is failing to account for healthcare costs, which are often underestimated by retirees. Consider supplemental insurance or health savings accounts to prepare for unexpected medical expenses. Staying proactive and informed can help you avoid these pitfalls and enjoy a secure retirement.

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Fun Fact of The Day

The average retiree spends about $315,000 on healthcare over their lifetime, making it one of the largest retirement expenses.