Today’s Hack
In this episode, we’re back to explore many of the expenses in your life that might drastically change (one way or another) in retirement. We’ll break those expenses down further to see which ones are the top priorities and analyze some of the other factors that impact your cash flow in retirement.
In part one of this series, we covered some of the must-haves in retirement planning, such as housing, healthcare, food, and clothing costs. In this episode, Phil will discuss the importance of maintaining your current lifestyle in retirement and discuss some other critical factors that can contribute to cash flow problems. Join us as we chat about longevity, accounting for inflation, and more.
Whether you’re approaching retirement or already enjoying it, this episode is filled with essential tips and strategies that will empower you to make informed financial choices, ensuring a comfortable and fulfilling retirement.
Here are some of the things we’ll address in this episode:
- Retirement must-haves [1:37]
- Retirement nice-to-haves [4:45]
- Longevity is a risk multiplier [7:42]
- Planning for the future of inflation [9:36]
- Not planning for a sequence of returns [12:03]
- How planning works through these questions [14:01 ]
If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.