One thing you should know to be ready to retire!

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No matter how much you’ve been able to save through the years, there’s one thing that you should know to be ready to retire. So, whether you have $500,000 saved up or millions, today’s video will be beneficial because knowing this will help you be able to answer a number of additional retirement questions like: Can I retire? How much do I need to be able to retire? Can I retire next year? What is the first thing to do before retiring?
Here’s some of what we discuss in this episode:
0:00 - Intro
0:30 - Why don’t people know this?
2:18 - Retirement income gap
3:35 - What’s your retirement lifestyle going to be?
#retirementplanning #retirementexpenses #incomeplanning
Begin the 'Max My Retirement' Gameplan here: sierensfinancialgroup.com/wor...
Want to learn more about financial and retirement planning? ➟ bit.ly/3tcS3vn
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CONNECT 🤝
Facebook: / sierensfinancial
LinkedIn: / scott-sierens-sfg
Podcast: lifemoneyshow.com/podcast/
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CONTACT ☎
Website: lifemoneyshow.com/
Phone: (847) 235-6989
Email: scott@sierensfinancialgroup.com
Appointment: calendly.com/sierensfg/intro-...

Опубликовано:

7 авг 2024

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Комментарии : 3

@miken7629 6 месяцев назад

I retired in 2012. In 2012 my monthly expenses (rent, food, utilities, insurance) was $1600 a month and now that exact same lifestyle, no debt, same apartment, same paid off truck, same monthly bills (rent, food, utilities, insurance) cost $3000 a month. $1600 a month rising 6% a year for 11 years = $3027, so average real inflation for last 11 years was 6%. Everybody planning for retirement needs to plan on 6% annual expense increases just to stay even. 6% compounded annually means that expenses double every 12 years (72 / 6 = 12). Retired persons need to grow their income during retirement. I personally live below my means, reinvest excess to grow income.