The 4 Stages of Retirement, Ep # 250
It\u2019s no secret that we\u2019re living longer than ever. People are living so long that we may soon be seeing 6 generations in a single-family.\xa0
With people living such a long time it makes retirement planning even more challenging than ever before. Understanding the 4 stages of retirement can help understand the different approaches to money management in each stage. Listen in to learn the 4 stages of retirement and how they can help you plan your retirement.\xa0
Outline of This Episode- [1:42] There may soon be 6 generations in a single family
- [2:52] You may be in the anticipation stage of retirement
- [4:23] The reinvention stage is perhaps the most challenging stage
- [6:52] The reflection stage leads to thoughts on legacy
- [9:49] Renting vs. owning in retirement
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