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Things to do right now to plan for retirement!
Manage episode 441922719 series 3550023
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In this episode, financial advisor Jim Martin from Martin Wealth Solutions dives deep into crafting the ideal retirement plan. Jim discusses the various lifestyle choices people envision for their retirement, ranging from globe-trotting adventures to modest, home-based routines. Learn how to prioritize your expenses and understand the phases of retirement - the go-go years, slow-go years, and no-go years - to ensure you have a solid financial plan in place. Jim also provides insights into budgeting, managing lifestyle creep, and how to prepare for a financially secure future. The sooner you start crafting your retirement plan the better!
00:00 Introduction: Envisioning Your Ideal Retirement 00:39 Understanding Retirement Goals and Phases 01:49 Determining Your Retirement Lifestyle 02:47 Foundational Expenses and Budgeting 06:19 Planning for Different Retirement Phases 13:35 Lifestyle Creep and Budget Adjustments 15:44 The Power of a Financial Plan 19:24 Conclusion and Final Thoughts
http://retirewithmartin.com/ <- Learn about working with Jim
Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.
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