A pilot, a captain, and a school bus driver? Listen in to this week's episode of Our 2 Cents to find out what Steve's retirement might look like one day. Also in this episode are key retirement timing and career considerations, important components of a custom-tailored retirement plan, and more!
Retire or Work Longer - Which is the Right Choice?:
- Have you considered being a "retired worker"? We explore why down-shifting, yet still working in retirement is a popular option.
- What are the financial and social impacts of semi-retirement and full retirement?
- This one thing should be the driving factor in your decision. What is it?
Ways to Customize Your Retirement Plan:
- You need a retirement plan that "fits" you. We talk about why a custom-tailored approach is so important to your success.
- A variety of factors go into customizing your plan, we look at:
- Income Sequencing
- Retirement Age
- Risk
- Insurance Coverage
- And more!
- What does it mean to have an efficient plan, and why is it important?
Listener Question:
- "I've been very blessed and probably have more money than I will need in my lifetime. Should I start giving away money to my kids and grandkids now so they won't have to worry so much about paying estate taxes or high probate costs?" - Rick
