Part 3: Planning your Epic Retirement - Connecting it All Together!

The best route to retiring with confidence is to plan for the lifestyle and activities your want and organize your own retiree cash flow around funding those dreams.

Part 1 walks you through the thought process to planning the lifestyle you want during your retirement years. You can create a vision board, journal, or simply visualize where you envision yourself, the people who surround you, and the feelings you want to have. Your second step is to compile an itemized inventory of all your potential source of income in retirement.

In this episode, part 3, we get to Connect it all together! I’m walking you through how to connect your goals and your means of support, bringing it all into clear focus so you can trust in it.

Click here to Download Your FREE “3 Steps” to Plan an Epic Retirement Worksheet:  https://www.trunorthwealth.com/newsletter-signup

What’s included:  3 Steps to Planning an EPIC Retirement

Step 1:  How will You Spend Your Time?

Step 2:  Identify Your Income & Expenses

Step 3:  Putting it all Together

 

Start YOUR FREE Financial Plan Today:

Now available – FREE ACCESS – to a Financial Planning Tool:

Click here:  https://bit.ly/GetFinancialPlan

 

Connect with Danette Lowe, CFP^®

https://linktr.ee/trunorthwealth

Visit Our Website:  https://www.TruNorthWealth.com

 

Episode Summary:

My main goal here is to make otherwise difficult big-picture concepts more understandable, relatable, and accessible for you.

First, maintaining a strong financial foundation and preserving your health are examples of important, ongoing, non-negotiable costs, now and in retirement.

As you piece together the lifestyle you’re wishing for and the funding sources for that lifestyle, be sure to consider the unpredictability of retirement and stock market returns, the present period of high inflation, and so on. You’ll need both reliable and variable types of income to support the lifestyle you want, plus a certain amount of flexibility within that lifestyle to adjust for economic fluctuations.

For help calculating the time frame in which you’ll be ready to retire, you’re invited to use our chart called “Will My Social Security Benefits Be Reduced?”.

 

 

In this episode, you’ll also hear:

●          The amount of retirement income you can expect to receive at what age

●          How to use your monthly or annual income to calculate your approximate retirement expenses

●          What happens when you delay retirement

 

 

Must-listen moments:

[3:49] Forming your clear idea of what you want for your life and make it a reality

[12:09] An exercise to calculate your retirement income and age

[20:44] Challenges with estimating the future value of money

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About Danette:  https://tinyurl.com/28pg94tt/

Professional Journey- As the President and a CERTIFIED FINANCIAL PLANNER™ professional at TruNorth Wealth Management, LLC, I've found my calling in helping pre-retirees confidently navigate the crucial decision of retirement. Our team is dedicated to guiding family-oriented couples from being net savers to net spenders.  We invite you to join our extended family and experience the TruNorth Wealth difference.

Danette Lowe, CFP^®

Founder – Wealth Advisor

TruNorth Wealth Management, LLC

1662 HWY 395 N, Suite 203, Minden, NV  89423

Connect with Danette @ https://linktr.ee/trunorthwealth

This podcast is for informational purposes only.  The situations used herein do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed, and a financial advisor should be consulted for your specific situation.  Neither Commonwealth Financial Network nor your representative provides tax advice.

Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.