At Modern Wealth Management, we enjoy guiding couples and individuals from various walks of life through the retirement planning process. Hence why we came up with the name of our podcast, The Guided Retirement Show. Many of the case studies we’ve reviewed in our podcasts, articles, and other content have focused on couples retirement planning. Today, Will Doty, CFP®, AIF® and Dean Barber are going to dive into a case study that geared toward all the single folks out there. Everyone’s situation is unique when it comes to retirement planning, whether you’re retiring single or married. Maybe you’ve been single for most or all your life. Or maybe you were married and are now single following a divorce or death of a spouse. No matter your situation, you need to have a plan for retirement. In this article and podcast, we’re going to run through a case study of someone retiring single with $1.5 million in retirement savings. Let’s review some things they’ll need to think about.

In this podcast interview, you’ll learn:

• The difference between the three tax buckets
• How to determine your plan’s probability of success
• What IRMAA stands for and how it works
• The importance of having a personalized financial plan

START PLANNING

To get a full recap of today's conversation, including the biggest takeaways and links to all the resources mentioned, visit GuidedRetirementShow.com/111

Learn More about Retirement Planning

Find out more about retirement planning and Modern Wealth Management, by visiting modwm.com