Episode 61: " How to Figure Out if You Have Enough to Retire"

𝗔𝗿𝗲 𝘆𝗼𝘂 𝗮𝘀𝗸𝗶𝗻𝗴 𝘆𝗼𝘂𝗿𝘀𝗲𝗹𝗳, “𝗛𝗼𝘄 𝗗𝗼 𝗜 𝗞𝗻𝗼𝘄 𝗶𝗳 𝗜 𝗛𝗮𝘃𝗲 𝗘𝗻𝗼𝘂𝗴𝗵 𝘁𝗼 𝗥𝗲𝘁𝗶𝗿𝗲?” While studies show that a large majority of current retirees feel they have enough to live comfortably, other studies show that less than half of all pre-retirees feel they have enough. With so many viewpoints, Inflation, longer life spans, and unpredictable markets, determining if you have enough money to retire comfortably can feel overwhelming and confusing – and it differs for each person. So how do you know if YOU have enough? It depends on several things. 𝗧𝗼𝗱𝗮𝘆 𝘄𝗲’𝗿𝗲 𝗴𝗼𝗶𝗻𝗴 𝘁𝗼 𝘀𝗵𝗮𝗿𝗲 6 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗶𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿𝘀 𝘁𝗵𝗮𝘁 𝘄𝗶𝗹𝗹 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝗮𝘀𝘀𝗲𝘀𝘀 𝘆𝗼𝘂𝗿 𝗽𝗮𝗿𝘁𝗶𝗰𝘂𝗹𝗮𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗿𝗲𝗮𝗱𝗶𝗻𝗲𝘀𝘀 𝗮𝗻𝗱 𝗴𝗶𝘃𝗲 𝘆𝗼𝘂 𝗮𝗰𝘁𝗶𝗼𝗻𝗮𝗯𝗹𝗲 𝘀𝘁𝗲𝗽𝘀 𝘁𝗼 𝗱𝗲𝘁𝗲𝗿𝗺𝗶𝗻𝗲 𝘄𝗵𝗲𝘁𝗵𝗲𝗿 𝘆𝗼𝘂 𝗵𝗮𝘃𝗲 𝗲𝗻𝗼𝘂𝗴𝗵 𝘁𝗼 𝗿𝗲𝘁𝗶𝗿𝗲 & 𝘀𝗲𝗰𝘂𝗿𝗲 𝘆𝗼𝘂𝗿 𝗳𝘂𝘁𝘂𝗿𝗲. Jump to a segment using the 𝘁𝗶𝗺𝗲𝘀𝘁𝗮𝗺𝗽𝘀 𝗯𝗲𝗹𝗼𝘄! 👇
TIMESTAMPS 00:00 How do I know if I have enough to retire? 17:35 #1 Look at your spending/budget 28:15 #2 Understand what income sources you have 36:24 #3 Review your investments & retirement accounts 41:00 #4 Look at your debt 46:00 #5 Determine your healthcare/long-term care needs 49:55 #6 Understand the tax needs you’ll have in retirement
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Learn the key components you need to include in your retirement plan: Check this video out: https://youtu.be/QkJzvbZ_gDs #RetirementReadiness #CanIRetire #RetirementSavings #Retirement #HowtoPrepareforRetirement #RetirementTips #RetirementPlanning #RetirementStrategy

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