Your Retirement Roadmap: A 5-Step Plan to Retirement Readiness

10/10/23 • 26 min

In this episode, James emphasizes the importance of having a well-thought-out financial plan for retirement, rather than relying solely on the size of your investment portfolio. Financial security doesn't come from a specific portfolio number but from having a comprehensive plan.

Using a listener's question, James walks through a step-by-step approach to assessing retirement readiness. He discusses aspects like income planning, investment strategies, tax optimization, and protection through insurance and estate planning.

Shifting your mindset from a saving mentality to a spending mentality in retirement allows you to fully enjoy your savings. Learn how to determine if you'll be financially secure in retirement and how to optimize your financial resources to enhance your overall retirement experience.
Questions Answered:
How do you assess your retirement readiness?
How can you optimize their retirement plan to enhance their overall retirement experience?
Timestamps:
0:00 Intro
1:26 Listener question
4:03 The bills
6:03 Alternative strategy
10:36 The first thing we looked at
12:55 How to maximize
15:35 Your investments
18:58 Risk capacity
21:05 Deductions
23:19 Big picture consideration
25:28 Outro

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10/10/23 • 26 min

2 Listeners

Ready For Retirement - Your Retirement Roadmap: A 5-Step Plan to Retirement Readiness

Transcript

Speaker 100:00:00.722

It doesn't matter if you have 1 million , 5 million , 10 million or even more in your investment portfolio . You're not going to feel financially secure until you have a plan in place that shows you how to optimize that and not just optimize it , but optimize it in a way that allows you to fully fund everything that's most important to . You Think when the biggest hang-ups most

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