Imagining a pyramid is a good way to think about your retirement plan structure. Your plan will be stable and thorough. You will need your base, a secured reliable income. These are guaranteed streams of income like Social Security or a pension. The middle of your pyramid will be the investments you’ve made while saving for retirement. Think of your 401(k) or IRA. The top is what you will do with your money. Will you travel? Will you leave it to your kids and grandkids? On today’s episode, Shari explains each part of the retirement pyramid and why we need this strong structure.
What we discuss on the show:
1:00 – Almost Halloween!
4:56 – Retirement pyramid
5:23 – Base of retirement structure
7:04 – Middle of the pyramid
9:28 – Having a plan for Social Security
12:09 – Top of the pyramid
15:45 – Desired income