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Not Your Parents' Retirement
Manage episode 384945375 series 3423688
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Who are you learning from when it comes to making sure your retirement plan is successful? If you’re of the age that your mom and dad retired 20 or 30 years ago, the world was a much different place when they walked away from their paychecks. Let’s talk about how things are different now…
We’ll look at how retirement expenses have evolved, with people today being more active and spending more on travel, hobbies, and healthcare costs. We’ll also discuss how increasing life expectancies, and the absence of traditional pensions are impacting retirement portfolios. Tune in and learn why it is so important to have a tailored plan that suits your unique circumstances, as we unravel the intricacies of retirement planning in the modern era.
Here’s some of what we discuss in this episode:
- Today, the cost of retirement can be high, especially with factors like healthcare expenses, travel plans, and increased longevity
- The three phases of retirement: The Go Go years, Slow Go years, and the No Go years
- The "sandwich generation" may face challenges balancing financial support for adult children and aging parents
- Staying active and maintaining a healthy lifestyle in retirement
- The impact of not preparing for long-term care expenses
Key Takeaway
“Oftentimes, being retired can be more expensive than when you were working.”
We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio
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