In this chapter, you'll gain valuable insights from Shawn on the intricacies of retirement planning. From the three distinct phases to tips for managing inflation and market risks, Shawn shares his expertise to help ensure your financial stability and peace of mind. Sit back, relax, and join us as we uncover the secrets to a happy and prosperous retirement with Shawn, your guide to financial wisdom.
Shawn answers:
- How do different phases of retirement, such as the Go-Go Years, Slow-Go Years, and No-Go Years, affect the relevance and management of risks like inflation and market fluctuations?
- In mitigating market risk during retirement planning, what role do strategies like diversification, asset allocation, and investment in annuities play in ensuring financial stability and income certainty?
- How can modifying withdrawal rates during market downturns mitigate the risk of depleting retirement savings too quickly?
- What are some strategies retirees can employ to address taxation risk, particularly concerning changes in tax laws, required minimum distributions, and the taxation of Social Security benefits?
"Because people heavily rely on social security, even though it typically only accounts for about 40 percent of people's income in retirement, they get surprised by that." — Shawn Maloney
Get a free copy of Shawn’s book “The Priority of Retirement” here-
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https://www.facebook.com/ShawnMaloney.RetirementPlanning/Insurance products are offered through the insurance business Retire Wise, LLC. Retire Wise, LLC. is also an Investment Advisory practice that offers products and services through AE Wealth Management, LLC (AEWM), a Registered Investment Adviser. AEWM does not offer insurance products. The insurance products offered by Retire Wise, LLC. are not subject to Investment Adviser requirements. Investing involves risk, including the potential loss of principal. Any references to protection, safety or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier. This podcast radio show is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the needs of an individual’s situation. Retire Wise, LLC. is not permitted to offer and no statement made during this show shall constitute tax or legal advice. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. The information and opinions contained herein provided by third parties have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Retire Wise, LLC. 2909872 – 5/25
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