Aug 16, 2019
You probably already know that financial planning comes in all different types of investments, but did you know that planning also changes depending on where you are in life? Strategies earlier in your life need to change as you approach your retirement date and there are a few important factors to keep in mind.
Check out the full show notes for this episode by clicking here.
0:40 – Introducing today’s topic.
1:00 – When should you take Social Security? It’s important to question conventional wisdom.
3:34 – Be careful with comprehensive financial plans that big companies often offer.
5:33 – Ask your financial advisor to show you their financial portfolio and credentials. Don’t take advice from someone that doesn’t have assets of their own.
6:35 – Many plans are mostly boilerplate.
8:37 – How do you find that target retirement date? Is it age or assets?
10:30 – Understand that there are so many factors going into retirement, not just a number.
11:37 – How the Money Map retirement review helps clients figure this out.
13:28 – A story about a past client that had to find out they weren’t actually ready to retire.
15:10 – A couple that was actually better off than they thought before meeting with Joel.
15:05 – Retirement Myth #4: After I’m gone, my spouse will be fine. I’m not worried about it.