I'm 66 - Can I Retire?
In this episode of the Secure Your Retirement podcast, Radon and Murs discuss the question of whether you can retire at age 66, using a specific example from an article in Market Watch. They provide insights and advice on retirement planning and financial management.
If you\u2019re feeling anxious about whether it\u2019s time for you to retire or not, you\u2019re not alone. Retirement planning can be a nerve-wracking and overwhelming decision for many people.
Listen in to learn the importance of considering all the elements involved in retirement planning and seeking professional advice when necessary. You will also learn why you should consider expenses, taxes, and potential long-term care costs in retirement planning.
In this episode, find out:
\u25cf The Market Watch article scenario plus why savings isn\u2019t the only determining factor of retiring comfortably.
\u25cf The importance of income planning for retirement and how it involves more than just numbers.
\u25cf The GPS analogy \u2013 the process of building a retirement-focused financial plan.
\u25cf Avoid a higher rate of return in financial planning and, instead, use a conservative approach.
\u25cf The impact of travel expenses on retirement planning and how to have a realistic budget.
\u25cf Consider how taxes can affect your overall retirement plan.
\u25cf The importance of considering long-term care insurance.
\u25cf Establish a baseline to understand how to plan for a long-term care scenario.
Tweetable Quotes:
\u25cf \u201cIt\u2019s not all about the numbers; it\u2019s also what you want out of retirement and what retirement is going to look like for you.\u201d- Murs Tariq
\u25cf \u201cIf you don\u2019t think about the taxes and you don\u2019t consider them, it can be devastating to your overall retirement plan.\u201d- Radon Stancil
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.