Discover the dynamic phases of your golden years! From adventurous travels and passions in the Go-Go stage, to a calmer pace in the Slow-Go, and serene moments in the No-Go years. Let's break down the journey and understand the financial shifts along the way.
The big question isn't as much as "How much should I save?" but "How much will I need?" Let's flip the retirement planning script, emphasizing the importance of 'income in retirement' over a generic nest egg value.
Gone are the days of one-size-fits-all retirement. Today's dynamic world offers endless retirement possibilities, tailored to individual desires and lifestyles. However, with increased longevity and aspirations for early retirement, the question arises - how to ensure your funds last? Dive into this intriguing conversation on balancing dreams with financial longevity.
With inflation being the highest it has been in over 40 years, retirees especially need to analyze the impact inflation has on their retirement. Depending on lifestyle, now more than ever, inflation may affect one retiree completely differently than the other. Therefore, you must find your personal inflation rate and adjust accordingly.
2022 was a rough year in the markets. Therefore, if you are at or near retiring and your nest egg had any exposure to these markets, you are probably asking yourself if you should still be looking to retire or be pushing it off?
2022 has been a tough year all around. So in this episode, I'm breaking down three observations I've seen so far in 2022 for individuals at or near retirement and what we can learn from those observations. I try to explore these observations and lessons learned through a financial planning lens for the everyday person.