Ep 2: Planning for Retirement’s Uncertainties

11/01/22 • 11 min

There are many things that we know we’ll have to deal with in retirement, we just don’t know how to predict when or to what degree. How do you construct a plan that deals with the unpredictability of these different factors?

On this show, we’ll address the biggest uncertainties in retirement and talk about how we help someone build a plan to prepare for whatever life (and the economy) throws our way. You’ll never have access to a crystal ball so having access to a solid financial plan is the next best thing to help protect your future.
Here’s some of what you’ll learn in this episode:

· Interest rate changes and what’s on the horizon. (1:23)

· How does planning change as longevity increases? (2:39)

· What you can do to prepare for future healthcare needs. (5:11)

· Dealing with the rise in inflation. (6:02)

· How to save more once you’ve maxed out your 401(k) contributions. (7:32)

LEARN MORE:

Recent educational videos on YouTube: https://bit.ly/3CMiRbt
Schedule a meeting with Michael: https://lwsde.com/schedule-a-meeting/
Visit Michael's website for more resources: https://lwsde.com/
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· Interest rate changes and what’s on the horizon. (1:23)

· How does planning change as longevity increases? (2:39)

· What you can do to prepare for future healthcare needs. (5:11)

· Dealing with the rise in inflation. (6:02)

· How to save more once you’ve maxed out your 401(k) contributions. (7:32)

Previous Episode

Ep 1: Going Against The Grain

Being a good advisor isn’t about winning a popularity contest or just saying the same things that everyone else in the industry says. It’s about giving the best advice that you can for each individual situation.

On today’s show, we’re going to peel back the curtain to discuss some areas where a good financial advisor’s opinions might go against the grain with mainstream ideas in the industry.
Here’s some of what you’ll learn in this episode:

· What is the appropriate amount of risk for a retiree and pre-retiree? (1:16)

· How much insurance should you keep? (3:32)

· Should you pay off your home? (4:44)

· Choosing between mutual funds and ETFs. (5:55)

Next Episode

Ep 3: Controlling Emotions, Early Retirement, and the Money Gridiron

Today’s episode will be quick but packed with financial information as we hop through a few different topics.

First, we’ll talk about the main emotions that drive our decision-making with money and how we can be more aware of our actions. Then we’ll answer some of the common questions that people being forced into an early retirement usually ask us. And then we’ll compare football to finance to celebrate the perfect start to the season for the Eagles.

There’s plenty to dive into so let’s get started. If you have any questions about the things we discussed on this episode, please let us know.

Here’s some of what you’ll learn in this episode:

· The main emotions we struggle with when it comes to money and investing. (1:18)

· Answering the common questions people ask when being forced into an early retirement (4:47)

· What football teaches us about financial planning. (7:54)

· Mailbag questions from listeners. (11:21)

· Getting to know Michael (14:38)