Things to do right now to plan for retirement!

In this episode, financial advisor Jim Martin from Martin Wealth Solutions dives deep into crafting the ideal retirement plan. Jim discusses the various lifestyle choices people envision for their retirement, ranging from globe-trotting adventures to modest, home-based routines. Learn how to prioritize your expenses and understand the phases of retirement - the go-go years, slow-go years, and no-go years - to ensure you have a solid financial plan in place. Jim also provides insights into budgeting, managing lifestyle creep, and how to prepare for a financially secure future. The sooner you start crafting your retirement plan the better!

 

00:00 Introduction: Envisioning Your Ideal Retirement

00:39 Understanding Retirement Goals and Phases

01:49 Determining Your Retirement Lifestyle

02:47 Foundational Expenses and Budgeting

06:19 Planning for Different Retirement Phases

13:35 Lifestyle Creep and Budget Adjustments

15:44 The Power of a Financial Plan

19:24 Conclusion and Final Thoughts

 

http://retirewithmartin.com/ <- Learn about working with Jim

www.planwellretirehappy.com

 

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