It's not easy to determine exactly what you'll need to live on in #retirement, that calculation is made even more difficult because there can be a few surprise expenses ... and some penalties that can last a lifetime!

In this video, Peter with Richon Planning and Erin Kennedy are breaking down some of those hidden penalties, in order of severity, starting with:

-the IRMAA Penalty

-the #Medicare Part B & D Penalty (this penalty is for life!)

-Inflation

-Taxes

At Richon Planning, we specialize in proactive planning that addresses each of these risks. If you would like to talk more about designing a holistic plan that addresses your unique goals, please feel free to reach out to Peter by calling (919) 300-5886 or by scheduling a free consultation at https://richonplanning.com/

#wealthmanagement #taxplanning #healthcare