Today we are exploring what financial experts are claiming to be the most important part of retirement planning and whether Shari agrees or disagrees. A lot of people view retirement as a destination, but have you thought about what you’ll do with your time once you are there?
If you are starting out in your career the best time to start saving is now. Do you know how much you’d like to spend a year in retirement? How will you make your retirement fulfilling? We’ll explore these important components of the planning process and see which may be the most crucial to consider.
What we discuss on the show:
1:55 – What do you want to do with your time?
3:20 – The best time to start saving is now
4:29 – Understanding how much income you need
6:28 – How much you would like to spend
7:58 – Proper portfolio and risk tolerance
9:18 – What is your objective in retirement?
10:18 – How to make your retirement fulfilling
11:30 – Picking the right plan and advisor
13:04 – What is the most important part of planning?
“Don’t assume your taxes are going to be lower in retirement…That’s also important when it comes to retirement planning, managing your taxation.” – Shari Rash