To access Decoding Retirement, you can listen and subscribe on Apple Podcasts, Spotify, or any platform where you usually enjoy podcasts. Many people tend to focus on short-term news rather than planning for the future, which is crucial for retirement that can span decades.

Nick Nefouse, from BlackRock, highlights common mistakes made by those saving for or in retirement. He emphasizes the significance of long-term retirement planning over getting swayed by short-term news. The duration over which people save for retirement, coupled with the additional 20 to 30 years post-retirement, necessitates robust financial planning.

Understanding the importance of time horizon in investment success, Nefouse stresses the misconception of solely associating risk with market fluctuations. He explains risk in a broader context, including inflation, longevity, job loss, and market fluctuation risks that change over a lifetime.

BlackRock's GPS model—grow, protect, spend—guides individuals on adjusting their investment strategies as they age. Accumulating wealth by focusing on growth investments early on transitions to adding protection as retirement nears. This progression helps in managing risks such as inflation and market uncertainties effectively.

Nefouse points out a prevalent myth in retirement planning—how to withdraw assets systematically post-retirement. Many retirees hesitate to access their principal sum, fixating on account balances, which leads to underutilization of funds.