Fear is a terrible financial advisor. In this episode, Brian breaks down the 5 most "terrifying" financial decisions that actually lead to a richer retirement. From the controversial math of paying off a 3% mortgage to the psychology of spending your principal (Die With Zero), we cover the choices most people avoid until it's too late. We also dive into the "Tax Torpedo" of RMDs, why delaying Social Security is actually an act of love for your spouse, and how to handle the Long-Term Care threat without going broke.

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Pick up a copy of my book "Momentous Decisions: 7 Steps to Better Health, More Wealth, and a Richer Life" at: https://www.momentouswealthadvisors.com/book

Takeaways:

• Fear serves as a detrimental financial advisor, leading individuals to make misguided decisions.
• It is crucial to confront fear, especially regarding financial decisions before retirement.
• The wealth decision regarding taxes involves choosing when to pay them rather than avoiding them.
• Delaying Social Security benefits is a wise decision that guarantees an 8% annual increase in benefits.
• Spending principal instead of merely the interest is necessary for a fulfilling life in retirement.
• Long-term care insurance is essential for protecting one’s financial plan against unforeseen health expenses.