Mar 10, 2022
How can guessing at retirement planning go wrong? On today’s show, we’ll discuss some of the major areas in retirement planning you don’t want to guess at. Do you know how much income you’ll need on a monthly basis? Guessing can leave you without enough money to cover your expenses in the future.
Do you know what major purchases you will need in retirement? A lot of people combine this with their emergency fund. However, if you are planning out these purchases you can save separately, keeping your emergency fund intact in case you really need it. You can guess at some things in life, but when it comes to your financial future it’s best to sit down with a professional and plan it out.
What we discuss today:
2:12 – Monthly income
4:55 – Major purchases
8:39 – Impact of inflation
10:51 – Healthcare costs
Get additional financial information: https://sephtonfinancial.com/podcasts/