What do we need our money to do for us in “retirement?” Yes, pay our regular bills and hopefully some fun along the way. But there’s more to it, and important pieces that people often overlook. Stephanie and Kevin share a helpful framework for thinking about financial needs, and what type of assets are best suited to provide each out. Note The Four L’s is borrowed from renowned retirement researcher Dr. Wade Pfau.

 

Key topics discussed: 

• What are the Four “L”s? 1:00
• Knowing what you got 3:33
• Longevity 7:46
• Lifestyle 9:08
• Liquidity 11:00
• Legacy 11:23
• What goes where 14:53
• The importance of being flexible 25:33
• “It’s A Family Affair” 32.42
• Gifting 41:44 

 

 

List of resources mentioned in episode, suggested reading & social media handles, contact information for guests: 

● Forbes article, “Giving While Living, Not Just for Billionaires”

 

If you like what you’ve been hearing on this podcast, we invite you to go to wherever you’re listening to this episode subscribe and leave us a comment or review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. Email us at [email protected].

 

Follow Stephanie:

Twitter: twitter.com/SofiaFinancial 

Facebook: facebook.com/SofiaFinancial

YouTube: youtube.com 

Linkedin: linkedin.com/in/StephanieMcCullough 

 

Follow Kevin:

Twitter: twitter.com/2ndHalfPlan 

Facebook: facebook.com/afmgplanning

YouTube: youtube.com

Linkedin: linkedin.com/in/KevinmGaines