Why Procrastinating on Retirement Planning Gets Expensive

About this episode

Tim Wood discusses the costly mistakes retirees make regarding retirement planning and the importance of shifting focus from growth to protection as retirement approaches.

One bad market swing early in retirement can undo decades of saving. In this episode, Tim Wood explains why sequence‑of‑returns risk, poor diversification, and procrastination are some of the most expensive mistakes retirees make. Using real‑world examples, including his own family’s experience, Tim breaks down the critical shift from growth to protection as retirement approaches. The conversation also explores how often portfolios should be reviewed, why “diversified” doesn’t always mean saf...

People in this episode

Host: Tim Wood

Topics covered

• retirement planning
• sequence-of-returns risk
• diversification
• financial mistakes
• portfolio review
• retirement protection

Keywords

• retirement
• procrastination
• financial planning
• market risk
• diversification
• portfolio management
• retirement savings

More episodes of The Safe Money Retirement Show

• The Small Retirement Mistakes That Can Grow Over Time · June 12, 2026 · 33 min
• The Two Biggest Worries in Retirement Planning · June 5, 2026 · 31 min
• The Income Gap Many Retirees Don’t See Coming · May 29, 2026 · 32 min
• The Retirement Decisions That Go Beyond Your Portfolio · May 22, 2026 · 29 min
• The Shift Toward Guaranteed Income in Retirement · May 15, 2026 · 29 min
• Understanding Retirement Risks Before They Impact You · May 8, 2026 · 29 min