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Navigating an Abundant Retirement with Carol DeweyAuthor: Carol Dewey
Hey! This is Carol Dewey Im excited to be bringing you Navigating an Abundant Retirement. This show is going to be your GPS to the principles to create a more worry-free retirement with less stress... In this podcast you will: 1. Get crystal clear on your destination 2. Identify the biggest retirement obstacles retirees now must overcome 3. Gain new mindset to retiring abundantly 4. Have new solution to retiring abundantly AFTER THE EMBRAER 176 touched down at Chicago OHare, I put the draft of the manuscript I was finishing on the seat and grabbed my bag from the overhead compartment. Wow! Thats a wonderful goal, said the woman in seat 3D. Her comment startled me, and I wasnt exactly sure what she meant. Until I turned around. She was pointing at the title, Retire Abundantly. To the woman in 3D, the question of how to retire abundantly was a daunting challenge. It is for many people: Retirement is a subject that returns 241,000,000 Google results. Two hundred and forty-one million! Our three-legged retirement system, made up of Social Security, pensions, and personal savings, has changed a lot in the past 30 years. Social Security contributes less than it used to, pensions have become 401(k)s, and personal savings arent what they used to be, because people are living longer. And worse, traditional financial planning techniques can make this situation worse. Pat advice that doesnt take into account your goals and situation can cause serious damage to the happiness you should enjoy in your retirement years. No wonder the woman in 3D was struck by my title. You want answers. This podcast can deliver some. Language: en Genres: Business, Education, Investing, Self-Improvement Contact email: Get it Feed URL: Get it iTunes ID: Get it Trailer: |
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The Hidden Risk in “Set It and Forget It” Retirement Plans
Episode 88
Wednesday, 11 March, 2026
In this episode of Navigating Abundant Retirement, Carol Dewey explores a subtle but significant retirement risk: the belief that once a plan is created, it can simply run on autopilot.While long-term investing discipline is important, retirement is not a static phase of life. Markets shift, tax laws evolve, healthcare costs rise, and personal circumstances change. Without regular review and intentional adjustments, even a well-designed retirement plan can slowly drift off course. Key Risks of “Set It and Forget It” PlanningTax DriftMany retirees hold a large portion of their assets in tax-deferred accounts like IRAs and 401(k)s. Without proactive tax coordination, withdrawals can unintentionally trigger higher tax brackets, increased Social Security taxation, or Medicare IRMAA surcharges.Risk MisalignmentPortfolios designed for accumulation may remain too aggressive in retirement. If volatility causes stress or reactive decisions, the investment strategy may no longer match the retiree’s true risk tolerance.Unstructured WithdrawalsTaking income from investments “as needed” can lead to inefficient withdrawal sequencing, missed tax planning opportunities, and increased portfolio pressure during downturns.Healthcare & Longevity RisksMedicare covers many expenses, but not everything. Long-term care, extended healthcare needs, and longevity require proactive planning.Estate Plan DriftBeneficiaries, laws, and family circumstances change over time. Estate plans that are never revisited may no longer reflect current intentions or tax realities.Why Regular Review MattersRetirement planning isn’t about constant changes—it’s about intentional oversight.An annual review should evaluate:Tax projections and Roth conversion opportunitiesWithdrawal sequencing strategiesIRMAA thresholds and tax exposurePortfolio risk alignmentHealthcare planning and longevity assumptionsEstate documents and beneficiary designationsEven small adjustments can significantly improve long-term outcomes. Core MessageRetirement isn’t autopilot—it’s navigation.Confidence in retirement doesn’t come from ignoring the plan. It comes from reviewing, refining, and adjusting it as life evolves.Resources📘 Free Download: 8 Key Drivers of Company Value📅 Book your Complimentary Lifestyle & Legacy Assessment💬 Website: https://www.perpetualwealthfinancial.com 💬 LinkedIn🎧 Listen & Subscribe: Spotify, Apple Podcasts, YouTube
