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.
Resources & People MentionedSubscribe to Retirement Starts Today on
Apple Podcasts, Stitcher, TuneIn, Podbean, Player FM, iHeart, or Spotify
BIG Legislation Changes, tiny Portfolio Changes, Ep # 167
Medicare Annual Maintenance and Timelines: What Do I Need to Do Annually? Ep #166
Medicare Supplements & Advantage - Where Does Part D Fit In? Ep. #165
Retirement: What to Expect if You Retire Before or After Age 65 with Danielle Roberts, Ep # 164
Medicare Basics: What to Expect as You Approach Age 65 with Danielle Roberts, Ep # 163
How to Avoid Burnout While Working From Home, Ep # 162
Social Security Bankruptcy Insurance, Ep # 161
How Do You Plan to Give Your Retirement Notice? Ep # 160
Are Stock Splits Good for Stocks? Ep # 159
How the Biden Tax Plan Could Affect Your Retirement, Ep # 158
Will Bank Bail-Ins Replace Bail-Outs? Ep # 157
Mentored By a Shark with Kevin Harrington from TV’s Shark Tank, Ep # 156
Do You Still Need Life Insurance in Retirement? Ep #155
Lifetime Income Illustrations Are Coming to Your 401K, Ep #154
Nobody Wants Your Stuff, Ep # 153
Does It Still Make Sense to Save in a 401K? Ep # 152
Put Your Social Security Knowledge to the Test, Ep # 151
Taxes in Retirement with Andy Panko, Ep # 150
Optimizing Your Retirement Planning Strategies with Grant Bledsoe, Ep # 149
Money Can’t Buy Happiness - Or Can It? Ep # 148
Create your
podcast in
minutes
It is Free
Jim & Bill (It‘s Another Day)
HauntingLive
Dr. Paul’s Worldviews
The Ben Shapiro Show
Morning Wire