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UnavailableI Want to Retire, But What About...?!?: How to Manage Risk in Retirement
Currently unavailable

I Want to Retire, But What About...?!?: How to Manage Risk in Retirement

FromRetirement Answer Man


Currently unavailable

I Want to Retire, But What About...?!?: How to Manage Risk in Retirement

FromRetirement Answer Man

ratings:
Length:
45 minutes
Released:
Jan 20, 2015
Format:
Podcast episode

Description

Risks can rob you from living a great life. Focus too much on them and you can miss out on a full life. Ignore risks and you can destroy your family's financial security. If you've started planning for retirement, you're probably overwhelmed with all the things you should worry about. This week, we'll address, head on, some of the biggest risks during retirement and help you assess  how to handle them.
 
Important Note: If you haven't listened to step 1 or 2 of Carl's Plan you'll want to start there:

Step 1 Imagine Your Ideal Retirement
Step 2 Identify and Organize Your Financial Resources

This week, you'll focus on identifying and managing some of the big risks we all face during retirement.

Longevity risk--Will you live to 100? Here's a calculator to estimate our chances
Inflation risk--What could the cost of living be 15 years from now? Find out here
Market risk
Tax risk
Health care risk
Long-term care risk

Here's Your Action Items for This Week
 

Make sure to listen to the episode. I discuss each one of these retirement risks and provide some insights into how you can plan for them.
Review Carl's health care cost estimates. This will give you some insight into what you can expect.
Review worksheets. Review the Facing the Complexities of Medicare and Choosing Long-Term Care Insurance worksheets. These will give you the basics on how to address each area.
Complete the Will I Live to 100? calculator. The odds might be greater than you think.
Complete the Retirement Health Care Cost Estimator (optional). If you submit it, you'll receive a free personalized estimate of your retirement health care costs to help you plan for the future.
Finally, ask questions. If you're stuck or unclear about something, shoot me an e-mail. I'll do my best to answer your question. Simply click here and ask your questions.

In week 4, we'll discuss how to organize your affairs and set a gifting strategy for those you  love.
 
Want Access to the Free Resources to Plan Along Side Carl?
It's Not Too Late to Create Your Ideal Retirement
Sign up (rogerwhitney.com) and  you'll receive:

All the retirement planning resources from week 1 and 2
This week's resources
Access to next week's webinar to find whether Carl is positioned to achieve his ideal retirement.
Released:
Jan 20, 2015
Format:
Podcast episode

Titles in the series (100)

A top retirement podcast. Roger Whitney, CFP®, CIMA®, CPWA®, RMA, AIF® guides you on how to actually do retirement well financially and personally. This retirement podcast isn't afraid to talk about the softer side of retirement. It will teach you how to retire with confidence. Two-time PLUTUS winner for best retirement podcast / blog and the 2019 winner for best financial planner blog. This retirement podcast covers how to create a paycheck, medicare, healthcare, Social Security, tax management in retirement as well as retirement travel and other non-financial issues you'll need to address to rock retirement. Retirement isn’t an age OR a financial number. It’s finding that balance between living well today and feeling confident about your retirement. It’s about gaining more freedom to pursue the life you want. Join the rock retirement community at www.rogerwhitney.com