Are you preparing for a successful retirement? If you are, you’ll need to consider more than just your finances because 80% of a successful retirement has nothing to do with money. However, when people focus on retirement planning, money is often the only thing they focus on. In the retirement headlines segment this week, we’ll check out an article from Financial Advisor Magazine titled Right Way Retirement. This article takes a look at the non-financial aspects of retirement that many financial advisors miss when it comes to retirement planning.
In the listener questions segment, I answer a question from Majid about working while collecting Social Security. Make sure to tune in until the end to hear how to complete the earnings test so that you will understand how much you can earn and how to avoid Social Security penalties.
Outline of This EpisodeRobert Laura recently published an article in Financial Advisor Magazine about doing what it takes to create a successful retirement. The author noticed that most financial advisors that help people get ready for retirement focus solely on the financial aspect of this life change. However, retirement isn’t all about the money. He has noticed that advisors often have a blind spot for the areas of retirement that aren’t financially related. To truly prepare for retirement, people need to take a more holistic approach.
6 ways to create a successful retirementCreating a retirement plan that addresses all 6 of these areas can help you create a greater sense of satisfaction with your life in retirement. You don’t want to get into the thick of retirement and discover that there is something missing from your life. Start a more holistic approach to retirement planning now so that you can create a meaningful life in retirement.
Make sure to tune into the listener questions segment to hear about receiving Social Security while you are still working. You’ll learn just how important it is to know your full retirement age and how the Social Security Earnings test can help you keep the most from your benefit.
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Spend More Money! Ep #348
Medicare Mistakes, Ep #347
The Four Unique Risks in Decumulation, Ep #346
More Muscles = Better Retirement, Ep #345
Index Funds Have Officially Won, Ep #344
The 529 to Roth IRA Rollover, Ep # 343
The 4 Phases of Retirement, Ep #342
A Short History of the 60/40 Portfolio, Ep #341
8 Ways to Become Poor in Retirement, Ep #340
More Than Half of Americans Want to Retire Gradually, Ep #339
The Retirement Crisis That Wasn’t, Ep #338
Using Guardrails For The 4% Rule, Ep #337
The Challenges of Retiring from a High-Powered Job, Ep #336
5 Expenses Retirees Wish They Spent More Money On, Ep # 335
2 Social Security Mulligans, Ep # 334
Save Money with These Tax Tips, Ep #333
A Tax Break Worth the Hassle, Ep # 332
We Need to Talk About Your Retirement Spending, Ep #331
I Don’t Want To Be Old When I Am Old, Ep # 330
Lessons Learned from Fall Tax Meetings, Ep #329
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