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
Are You Saving Too Much Money, Ep #229
Americans Urged to Watch Out for Tax Scams During the Pandemic, Ep #227
A “Gold IRA” and a $300,000 Tax Mistake… Ep #226
My Favorite Retirement Resources for 2022 & How Generosity Changes Your Brain, Ep # 225
Could Living Abroad Save You Money? with Tim Leffel [Rebroadcast]
Fidelity & Schwab Donors Set Record for Charitable Giving in Response to Pandemic [Rebroadcast]
Summer Travel Series: Travel Hacking with Lee Huffman [Rebroadcast]
Planning Multi-Generational Disney Trips with Lou Mongello [Rebroadcast]
Bucket List Travel on Any Budget with Danielle Desir [Rebroadcast]
Tax & Retirement Planning Changes for 2022, Ep #219
Risk Tolerance Questionnaires Don’t Work, Ep #218
The Media Will Decide Your Social Security Claiming Age, Ep #217
Executor Help - How to Settle an Estate, Pick an Executor, and Avoid Family Fights with David Edey, Ep #216
Inflation in Retirement and Breaking Social Security News! Ep #215
Tax Moves You Should Be Making Before Year's End, Ep #214
3 Social Security Do-Over Options, Ep # 213
Are Annuities a “License to Spend”? Ep # 211
The Social Security Update, Ep # 210
The Great Resignation, Ep #209
Quit Cutting Your Own Grass, Ep #208
Create your
podcast in
minutes
It is Free
Jim & Bill (It‘s Another Day)
HauntingLive
Dr. Paul’s Worldviews
The Ben Shapiro Show
The Daily