DON’T LET THESE COMMON MISTAKES DESTROY YOUR RETIREMENT There are 3 areas that can potentially make or break your retirement plans. Many people who are near retirement will make at least one of these mistakes without the proper guidance from an advisor who can provide you with the information you need to help protect yourself, and help ensure you have enough money coming in once you've stopped working to be able to continue the lifestyle you've worked so hard for. Not Maximizing Your Social Security Benefits Choosing the best way to take the Social Security benefits you are entitled to can result in a difference of over $100,000.00 of additional income over the course of your lifetime. Not Changing your Investment Focus to Interest and Dividends By changing your investment focus to interest and dividends you can help remove some of the risk associated with the stock market and help avoid mistakes that could greatly impact your retirement. Miscalculating your RMDs Accidentally miscalculating your Required Minimum Distributions can result in the single largest IRS penalty today which is 50% and this penalty can impact retirees. HELP AVOID THESE COMMON RETIREMENT PLANNING MISTAKES Download our free report “A Prescription for a Pain-Free Retirement” and help ensure you are doing everything you can to get the most money possible, avoid leaving money on the table, and avoid costly penalties that could hurt your retirement. DON’T LET ANY OF THESE MISTAKES HURT YOUR RETIREMENT All written content on this site is for informational purposes only. Opinions expressed herein are solely those of Scranton Financial Group of South Windsor. and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. Investing involves risk. There is always the potential of losing money when you invest in securities. Asset allocation, diversification and rebalancing do not ensure a profit or help protect against loss in declining markets. All information and ideas should be discussed in detail with your individual advisor prior to implementation. The presence of this website, and the material contained within, shall in no way be construed or interpreted as a solicitation or recommendation for the purchase or sale of any security or investment strategy. In addition, the presence of this website should not be interpreted as a solicitation for Investment Advisory Services to any residents of states where otherwise legally permitted to conduct business. Investment Advisory Services offered through Sound Income Strategies, LLC, an SEC Registered Investment Advisory Firm. Scranton Financial Group and Sound Income Strategies, LLC are associated entities. Scranton Financial Group is a franchisee of The Retirement Income Store®, LLC. The Retirement Income Store®, LLC and Sound Income Strategies, LLC are associated entities.