Myths Of The Retirement Number

Your Financial Compass with Bulman Wealth Group

If you've ever felt overwhelmed or intimidated by the idea of a fixed retirement number, advertised by some financial institutions, you're not alone. In this episode, Scott debunks the retirement number myth, explaining that your retirement number is not just a single, daunting figure, but instead a combination of different income streams that work together.

Join us as we walk through a hypothetical scenario of John and Jane’s retirement plan and illustrate how Social Security, pensions, and other sources of income can significantly contribute to reaching your financial goals. We’ll also take a look at how inflation impacts your retirement planning and more.
Here’s some of what you will learn in this episode:

• An introduction to the “retirement number” + How is this number actually calculated? (4:42)
• Effective retirement planning considers all sources of income and potential gaps in savings so that you can make adjustments if necessary. (10:32)
• Factoring in inflation into your plan + It’s never too early to start planning. (14:38)

WAYS TO CONNECT:
Book a 15-minute discovery call with the team here: https://calendly.com/rachel-bwg
Visit https://bulmanwealth.com/marcos-lemus to learn more about Marcos Lemus and the other members of the team.
If you have any questions about what we discussed or anything else in your financial plan, email us at [e-mail]. You can also reach the team by phone at [phone].

Chapters

1. Myths Of The Retirement Number (00:00:00)

2. Myths of the Retirement Number (00:00:03)

3. Calculate Retirement Income and Fill Gaps (00:07:27)

4. Request for Reviews, Feedback, and Suggestions (00:17:45)