Understanding Changing Expenses in Retirement

07/20/23 • 25 min

Another Day In Retirement Paradise with Eric Judy

In this episode, we’ll explore many of the expenses in your life that might drastically change (one way or another) in retirement. We’ll break those expenses down further to see which ones are the top priorities and analyze some of the other factors that impact your cash flow in retirement.
Here are some of the things you’ll learn in this episode:

The different housing expenses that could have a significant impact.
Once you stop working, you will likely eliminate some expenses that have become part of your daily routine.
The tax implications you might face and how to find strategies to mitigate that.
When you no longer have those monthly savings contributions, it could free up a good chunk of money.

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy

The different housing expenses that could have a significant impact.
Once you stop working, you will likely eliminate some expenses that have become part of your daily routine.
The tax implications you might face and how to find strategies to mitigate that.
When you no longer have those monthly savings contributions, it could free up a good chunk of money.

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy

Previous Episode

Retirement Rebels: Winning Your Financial Independence

Celebrate the spirit of July 4th with our latest episode as we tackle the concept of Financial Independence. While the American colonists fought for freedom from British rule, we’re here to discuss what you’re striving to be independent from in your retirement. We’ll unveil the common foes you’ll face on the journey. And good news, no muskets required for these battles.
Here are some of the things you’ll learn in this episode:

Why we want to have freedom from relying on the government to cover our retirement needs.
What we mean by freedom from family and why that is a growing challenge for retirees.
Gaining independence from employment and why that doesn’t mean you have to stop working altogether.

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy

Next Episode

Understanding Income Planning in Retirement

In this episode, we'll uncover the secrets of guaranteed income versus the uncertain stuff and shed light on the consequences of retiring without a clear income plan. Don't worry if you're feeling lost - we've got your back with practical solutions and expert guidance. Tune in and take charge of your retirement cash flow!
Here are some of the things you’ll learn in this episode:

The different types of income sources that we typically use for clients.
How you should diversify your income streams like you do investments.
What is guaranteed income versus non-guaranteed income.
How to structure your income to cover your needs and what to use to take care of those wants.

Connect with Eric Judy online at https://www.judyfg.com/ or by calling 217-303-1711. You can also book a complimentary review at https://calendly.com/ericjudy