Ep # 1: Be a Successful Retiree
Are you are retiree or potential retiree? Joseph Curry and Regan Schiller bring retirees practical advice and insights from their experience in retirement planning. They have also helped potential retirees like you navigate the often-overwhelming world of financial planning. They will help you find peace of mind in knowing you’ve set yourself up for success in retirement.
Joe and Regan will take you through the steps they’ve used to create income plans for their clients. They share their expertise and personal stories along the way.
What You’ll Learn in Today’s Episode:
Forge powerful retirement plans with the aid of expert financial advisors.
Cultivate a meaningful and gratifying lifestyle in retirement.
Construct a secure financial future with diverse investment portfolios.
Preserve your retirement savings by maintaining a robust cash reserve.
Adjust your retirement strategy according to market changes and potential risks.
Ideas Worth Sharing:
“Good money habits from a young age make a significant impact on retirement success.”
“Stick to the plan and maintain discipline to avoid knee-jerk reactions during market turbulence.”
“An honest understanding of personal spending habits contributes to a successful retirement plan.”
“Being open to advice and taking it into consideration can help you sleep better at night.”
“Spending in alignment with your values is crucial for maintaining a handle on your finances.”
Resources In Today’s Episode:
Ep #37: An Awe-Inspired Retirement with Joseph Curry, Caleb Miller and Riley Anderson
Mastering Your Retirement Finances: A Guide to Being a Succesful Retiree
In the realm of retirement planning, successful retirees exhibit specific characteristics that contribute to their financial stability. One key factor is good money management habits.
Firstly, Joe and Regan observe that their most successful clients possess good money habits. Secondly, they also have an understanding of the inevitability of market turbulence. However, by sticking to their plan, these retirees are more likely to achieve their financial goals and enjoy a comfortable retirement.
Retirement is a Significant Milestone
Retirement is a significant milestone in one’s life. Therefore, having a predictable income plan plays a crucial role in ensuring financial stability and satisfaction during retirement. It is essential for retirees to have a well-rounded financial plan in place to maintain their lifestyle.
The Importance of a Financial Advisor
A financial advisor can provide valuable guidance. They can help you develop a plan to tackle your retirement goals. Ultimately, this allows you to achieve greater financial freedom in the long run.
The following are a few common trends that can determine your success as a retiree:
Save Early, Save Often to be a Succesful Retiree
It comes down to being a good saver. For instance, many successful retirees have a lifetime of good money habits. Importantly, they know where they spend their money. Further, they usually start young. They’ve made a habit of putting money aside. For example, you may put away $50 a month into your RSP. It doesn’t seem like a lot but if you’ve been doing this for 30-40 years, it starts to compound.
Stick to the Plan
Likewise, successful retirees are able to stick to the plan. They have the discipline not to make knee-jerk reactions. Ultimately, if you have a predictable plan, turbulence won’t affect your monthly pay cheque.
Spend in Alignment with your Values as a Retiree
For instance, it’s important that you tell your financial planner the truth about where you spend your money. When you can be honest with yourself and how you spend your money, you will understand how to spend in alignment with your values.
Be a Retiree who reaches your Goals but Sleeps at Night
Firstly, you want your financial planner to take into consideration your feeling about what a comfortable amount of cash to keep in your account is. This can be called your “sleep at night” money. It’s not there to be spent but to help clients to sleep at night. Ultimately, you should feel comfortable that you have enough money working for you. It’s about helping you reach your goals and allowing you to sleep at night.
Your Lifestyle as a Retiree
Consequently, as you approach retirement it’s also important to think about purpose. Many people identify with their careers. They pour their hearts and souls into their careers.
However, when you arrive at retirement, without a sense of purpose or drive, retirement can feel unfulfilling. To sum up, people who have planned out what the next stage of life looks like before they actually get there are the ones that have a more fulfilling retirement.
Keep Reviewing the Retirement Plan
With these expectations in mind, you can work alongside your financial advisor to create a customized plan that will help you reach your goals. In addition, it’s also crucial to regularly review and adjust your plan as your life circumstances, financial markets, and personal goals change over time. That is to say, by staying engaged with your retirement plan, you’ll be better equipped to create a predictable income during your golden years.
Tailor your Retiree Plan
In closing, taking the time to thoroughly assess your current financial situation and working with a financial advisor to develop a tailored plan for your retirement will pay off in the long run. Further, be honest about your spending habits, set realistic goals, and actively engage with your retirement plan. You can successfully navigate market fluctuations and create a sense of predictability in your retirement income. Moreover, embrace this opportunity to take control of your financial future.
You’ll not only enjoy a more satisfying retirement but also the peace of mind that comes with knowing you’ve done everything possible to secure your financial well-being.
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