In today's episode, Tom talks about a 2013 PBS series on the retirement crisis that is still very applicable today. Most people don't have pensions to rely on for retirement and have moved to risk type retirement. Cash flow is king as you need it to let you live the life you want. Listen in to hear what you can do to prepare for a stress-free retirement.
Highlights
00:21 Transitioning to retirement instead of aiming for a fixed target
02:14 Focus on controlling and achieving financial freedom
04:13 Key risks: Longevity and diversifying income streams
09:06 Taxes as a major risk to wealth and exploring tax-free investment opportunities
13:21 Market volatility and creating a volatility buffer to maximize asset use
16:35 Cognitive decline, simplifying finances, and creating steady income sources
20:23 Emphasizing the importance of planning and understanding personal goals when building wealth and approaching retirement
20:42 Gratitude for podcast listeners and the goal to help them achieve financial freedom through education and empowerment
21:40 Encouragement to visit the website for additional content and to access the book "Wealth Beyond the Numbers" for personal experiences and tips on building wealth and abundance in life
Episode Resources
Call to Action
Schedule a Call with Tom
How to Listen:
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