Oct 7, 2021
If you have ever traveled on a subway you may have noticed the warning sign "Mind the Gap" telling you to watch your step as you exit the platform. In a similar way, we need to be mindful of the gaps in our retirement and financial plans.
On today's episode, Donna is covering 5 financial gaps we need to be vigilant about. Perhaps you want to retire before 65 and need a plan for healthcare until you are eligible for Medicare. Or maybe, you haven't accounted for inflation in your financial plan. Planning for these types of gaps can keep your overall retirement plan much more stable.
Get additional financial information: https://sephtonfinancial.com/2021/10/mind-the-financial-gap/
What we discuss today:
1:19 – Catching up with Donna
3:00 – What is minding the gap?
4:00 – The paycheck gap
6:22 – Social Security and Medicare gap
11:43 – Inflation gap
13:33 – Long term care gap
18:28 – The widow or widower’s gap