In this chapter, you'll gain valuable insights from Shawn regarding the fundamentals of retirement planning, delving into the Income Hierarchy Pyramid, strategic retirement budgeting, debt management tips, the bucket strategy for savings, and personalized financial planning. So 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 does the income hierarchy pyramid offer a structured approach to retirement budgeting, and what role does it play in ensuring retirees can cover their essential needs while also enjoying a comfortable lifestyle?
- Why is it crucial for retirees to carefully assess and manage debt before retirement, and how does eliminating debt contribute to financial security and overall happiness during retirement?
- How does the bucket strategy provide retirees with a structured approach to managing their retirement savings, and what advantages does it offer in terms of risk management, inflation protection, and flexibility?
- What steps should retirees take to implement and optimize the bucket plan, and how can working with a financial planner help ensure that retirement assets are allocated appropriately according to individual financial situations and retirement goals?
"We're going to be transparent and honest. It doesn't do us any good to sugarcoat something for you." — 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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