When it comes to planning for retirement, many people focus on the obvious questions like how much money they need to save or when they should start drawing from their retirement accounts. However, there are several crucial questions that often go unasked but can significantly impact your quality of life during retirement. In this episode, we’ll explore these overlooked aspects of retirement planning.
Discover strategies to manage downsizing, taxes, and social security changes, and learn how to prepare for long-term care. These aren’t always questions that we want to ask ourselves, but they’re very important for building a successful retirement plan.
Here’s some of what we discuss in this episode:
- When will your life be downsized?
- How does the ‘widow’s tax’ impact your decisions in retirement?
- Challenges when you lose the ability to drive.
- Do you know who will be taking care of you late in life?
