The Personal Finance Podcast - The Biggest Retirement Mistakes People Make (Avoid These!) Jesse Cramer

Join the community built to help you master your money, stay accountable, and reach financial freedom. 👉 Join Master Money Academy https://joinmastermoneyacademy.com/free-trial today! In this episode of The Personal Finance Podcast, Andrew sits down with Jesse to explore critical retirement planning decisions—why Social Security isn't just a math problem and the biggest mistakes people make when claiming, when delaying benefits makes sense versus when claiming earlier is smarter, how married couples should think differently than singles, why Roth conversions are both overused and underused, the danger of overly optimistic return assumptions like 12% or 10%, the number one thing retirees get wrong about their own spending, and the most important actions to take 5-10 years before retirement. Listen to The Business Show here https://www.thebusinessshowpodcast.com/episodes/ Partner Deals Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at http://Indeed.com/personalfinance Join the loyalty program for renters at http://joinbilt.com/PFP Go to http://policygenius.com to get your free life insurance quote. Thanks to Fundrise for Sponsoring the show! Invest in real estate going to http://fundrise.com/pfp Get 50% Off Monarch, the all-in-one financial tool at http://www.monarch.com/PFP Find your next dream home, start searching now. Download the http://Realtor.com app today DeleteMe: Go to https://joindeleteme.com/PFP20/ and Use Promo Code PFP for 20% off! Connect with Jesse Cramer: Personal Finance For Long-Term Investors Podcast https://bestinterest.blog/personal-finance-for-long-term-investors/ The Best Interest Website https://bestinterest.blog/blog/ Twitter https://twitter.com/BestInterest_JC Instagram https://www.instagram.com/bestinterest.blog Linkedin https://www.linkedin.com/in/jesse-cramer-11b58155/ Latest Podcast Videos: 9 Life Lessons After 500 Episodes https://youtu.be/HQvRDqAhwKs How to Buy a House in 2026! https://youtu.be/kRYUx2uuuGY The Simple Path to Wealth (With J.L. Collins) https://youtu.be/-02BNewBfbo 9 Things That Are a Complete Waste Of Money (Be Careful!) https://youtu.be/18KWuV516uU Connect With Andrew on Social Media: Instagram https://www.instagram.com/mastermoneyco/ TikTok https://www.tiktok.com/@mastermoneyco Twitter https://twitter.com/mastermoneyco Master Money Website https://mastermoney.co/ Episode Chapters: 00:00 - Master Retirement Math Myths 05:39 - Master Social Security Strategy 11:44 - Audit Your Life Expectancy 14:42 - Calculate Your SS Break-Even 19:05 - Leverage Your SSA Flexibility 23:38 - Execute Strategic Roth Conversions 28:15 - Leverage Low-Tax Gap Years 33:58 - Avoid Improper Conversion Execution 36:52 - Apply Realistic Return Assumptions 43:56 - Normalize Your Investment Math 46:52 - Avoid Excessive Retirement Conservatism 53:06 - Debunk The 12% Return Myth 1:02:20 - Buy Flexibility With Assets 1:03:48 - Adjust Your Spending Dial