Preview Mode Links will not work in preview mode

Welcome to Widow, Wisdom & Wealth with Donna Kendrick. On each show, Donna will aim the intimidation out of financial planning, so your family can handle any transition that comes its way.

From investing to retirement, Donna will cover all angles of financial planning. If you have a 401(k), IRA or other investments and want to know how you can protect your hard earned assets and live a life of financial success, then this is the show for you.

If your financial life feels unclear or uncertain, then listen to the episodes of this show to gain confidence and clarity.

Donna is a Certified Financial Planner, a Certified Divorce Financial Analyst, and the founder of Sephton Financial in Wyndmoor, Pennsylvania.

Visit her website at https://sephtonfinancial.com/ or get in touch by calling 215-948-3945.

  1. All Episodes
  2. Ep 13: When Guessing at Retirement’s Most Important Questions Goes Wrong

Ep 13: When Guessing at Retirement’s Most Important Questions Goes Wrong

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/