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Get Paid in Retirement - LIVE WCBM show
Manage episode 367370909 series 3468502
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Retirees face financial insecurity due to lack of a steady income stream. Brian and Alex emphasize the importance of saving and growing one's 'cash calf' to keep up with inflation. Starting early and diversifying investments are key to a comfortable retirement. They also discuss strategies for retirement income planning, including paying off debt, structuring investments in buckets, and working with a financial advisor. Creating one's own retirement plan beyond relying solely on Social Security income is crucial. Inflating retirement income, setting aside money through tax-free means, and maximizing retirement savings through tax-efficient strategies are also important. Brian and Alex emphasize the need to take responsibility for one's own retirement savings and understand one's financial situation and tax bracket to make informed decisions.
https://www.akersfinancial.com/winning-in-retirement?utm_source=podcast%20description&utm_medium=podcast&utm_campaign=podcast%20description
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