Planning for retirement is, at its core, about creating a reliable income plan. In order to enjoy the retirement you’ve dreamed of, you need to have a clear plan for covering your day-to-day expenses. In this episode, Mark will break down some of the key aspects of income planning for your retirement.
One thing that’s crucial is shifting your perspective. We can’t just assume in income planning that you’re going to live to age 80. It’s very possible that you will live much longer than that, so we need to think in terms of decades and not years.
Tune in as we talk about this and some other retirement income planning essentials you need to think about.
Here’s some of what we discuss in this episode:
- Adjusting your perspective on planning so you don’t outlive your money
- How Social Security is like a fine wine
- Don’t assume that bonds will be a primary source of retirement income
- Making sure that you are taking inflation into account
