"If you save $X/month, then you'll have $X in this many years..."

Statements like this are important, but we have to be careful to consider the affect of inflation on that dollar amount.

*This is not investment, legal, or tax advice.*

We're back! Excited to be here with you all, and more often.

It's okay to do silly things with money, as long as we learn from them.

Money is not, is not, IS NOT to make us comfortable as we possibly can be. The primary purpose of money is to bear fruit.

And with that, the retirement planning process has come to a close! Or has it?

This process is lifelong and our plan is ever-changing. And that's okay.

While the implementation of our retirement plans will certainly differ, today we discuss one thing that remains... the principles we should all follow as we invest.

How long do you need to keep working in order to hit your retirement goal? How much do you need to save?

It's at this point in the process that we answer questions like these.

**This podcast is not intended to be taken as specific investment, legal, or tax advice. Please consult with a financial professional before making changes to your plan. **

How much in total do you need in order to retire? Today, we finally start assigning some example numbers to that conversation.

You can view some sample calculations here: https://aworthwhileretirement.substack.com/p/how-much-money-do-i-need-to-retire

Remember that these are very basic calculations. There's a lot that isn't factored in, and even what is included will inevitably change. Stay agile.

Set up your Social Security account:

(https://ssa.gov)

Two factors to guide us in our expense estimation:

Thinking about retirement? Here is step 1 in the retirement planning process!

One of favorite videos on the subject of retirement: https://www.youtube.com/watch?v=DMHMOQ_054U

What's the difference between a "Fee-Only" and "Fee-Based" advisor? And what does "Advice-Only" have to do with it?