Avoid Retirement Plan Leakage: Keep More of What You Earn

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Have you ever had a water leak in your sprinkler system or your pipes and it was so small you didn’t even notice – at least until you got your bill? And then you are shocked – how could the bill be so big for a leak so small you didn’t even notice it? The same is true of leakage on your retirement plan, the truth is you probably already have leakage but have no idea that little by little you are losing money – money that over time adds up. Leaks in not one area of your retirement plan but multiple ones.
So what is leakage and what causes it? Retirement fund leakage is the premature distribution of retirement savings prior to retirement age. So there are a number of causes of this drain on your retirement accounts - many of which are likely not even on your radar. But they are slowly draining away your savings that you will need to enjoy your retirement years.

0:00 Intro
1:46 Retirement Plan Leakage Overview
3:24 Low Emergency Savings
5:33 Adult Child Siphoning
10:24 Retirement Account Drains
16:42 RMD Mistakes
20:20 Stop the Leaks
21:57 Ask the experts
23:30 Pure Takeaway

Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation.

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