Saving vs. Planning: The Retirement Mistake That Could Cost You Thousands

The Happy Retirement Show with Victor Gray and Colin Hurst

You might think your 401k is your retirement plan, but what if that mindset is setting you up for financial frustration later? In this eye-opening episode, Victor unpacks a common misunderstanding that could cost retirees thousands: confusing retirement accounts with actual retirement planning.
Victor explains why treating your pre-tax retirement account as your catch-all fund- for cars, emergencies, vacations, and more- can come with hefty tax consequences. If you've ever considered pulling from your retirement to pay cash for a big purchase, this conversation is a must-hear. You'll learn the difference between saving and planning, why timing and tax strategy matter, and how a smarter withdrawal approach can protect both your lifestyle and your legacy.

Here’s some of what we discuss in this episode:

🧠 Why a 401k isn't a full retirement plan

🚗 The $40,000 car that really costs $53,000

💸 How taxes quietly sabotage big withdrawals

📊 Planning vs. saving (what's the difference?)

🛠️ How to build financial flexibility into your retirement

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