Were you ever the kid growing up that had to ask, “how do you know?” or “why?” about anything and everything? Turns out, having that inquisitive nature is something that can be extremely valuable to us as we plan out our finances and our retirements, and in today’s show, we’ll dive into some of those questions that you should be asking as you approach your retirement.
Having answers to these critical questions will help you achieve effective retirement planning. From understanding how much income you'll need to navigating the complexities of Social Security benefits, Frank talks through the different strategies and advice that can help people make informed decisions. Tune in for a blend of financial wisdom and personal stories, including a discussion on recent wildfires and a fun debate on camping versus beach vacations.
Here’s what we discuss in this episode:
0:00 – Intro
4:19 – Knowing how much income you need to retire.
7:55 – How to know when you are financially ready to retire.
9:22 – What about annuities?
11:51 – When to start taking social security benefits.
15:10 – Camping or the beach?
17:21 – Mailbag
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