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 (Listen here) walked you through the thought process of 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 (part 2 here) is to compile an itemized inventory of all your potential sources 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.

To help guide and make this whole process easy on you, we’ve put together a free workbook called The 3 Steps to Planning an Epic Retirement. Download it for free from www.trunorthwealth.com

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: 

[00:03:49] Forming your clear idea of what you want for your life and make it a reality 

[00:12:09] An exercise to calculate your retirement income and age 

[00:20:44] Challenges with estimating the future value of money

 

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For resources and additional guidance around retirement planning, Visit our website 

The 3 Steps to Planning an Epic Retirement 

CFB Website 

Contact Danette Lowe:

Email: [email protected]

Phone Number: 775-364-0010