Victor and Guy stumbled upon a Kiplinger report about the Five Pillars that can lead to a successful retirement.  Victor and Guy break down each pillar for us.

For many of you, retirement means the freedom to do what you want to do when you want to do it for as long as you can. Independence from the daily grind. As we celebrate our nation’s Independence Day this weekend, we’ll talk about how you can achieve – and celebrate – your own financial independence in retirement.

In the mid-70s, the start of individual retirement accounts and 401(k) plans spurred a drive in American workers to pile money away for retirement. But more than 40 years later, more of us are realizing there could be a better way to think about your money for retirement. People get caught up in how much they’ve saved. But what you really need to think about is how much you may need to spend in retirement. If you’ve been focused on saving and not on income, there’s a lot you will learn from today’s show.

You visit your doctor every year for your annual check-up to stay healthy and to be aware of any potential issues when it comes to your health. Why should your financial health be any different? That only multiplies in importance once you get in retirement, because you’re no longer earning a paycheck. This show examines what you need to be aware of to be cognizant of your financial health in pre-retirement and retirement.

How much does age really matter? Phil Mickelson proved at the 2021 PGA Championship that what matters even more than your age is what you believe you can do. And the fact is, more of us are living longer, leading more active lives in retirement. So, we need to get serious about planning for longevity.

There’s no question that inflation is a huge concern for Americans … especially those who are living on a fixed income in retirement. Could there be an even bigger threat to the economy? Some experts think so. And no matter where the economy is when you’re retired, at the end of the day there’s no retirement without income. Today we’re here to help you learn how to create an income strategy to help your money last as long as you need it in retirement.

A colleague of ours recently sat down with author, CEO and Fox Business Network host, Charles Payne.  Charles is the founder and principal analyst at Wall Street Strategies.  He's the host of "Making Money with Charles Payne" and is the author of "Unstoppable Prosperity. 

The spending plans being proposed by President Biden involve trillions of dollars to pay for infrastructure and other efforts, and he is eyeing higher taxes in the future. We’re told the Biden tax increases are expected to target the wealthy, but we have some insights from a financial analyst who says the impact could likely go beyond the pockets of the ultra-wealthy. Taxes are our main topic again today, and Victor and Guy are teaching us about some of the ways to reduce or even eliminate your taxes in the future. 

Some people think they have it all figured out heading into retirement, but you might be surprised!

As we’ve been discussing for the last several weeks, the economy appears to be ramping up – manufacturing has increased, unemployment has started to improve, and consumer confidence is trending upward. But while everything seems to be going well right now, you can’t help but fear those retirement unknowns lurking around the corner. Could we encounter high inflation like retirees did in the ’70s? How much could we potentially be paying in taxes? And when could the next market crash or recession rear its ugly head? Today, Victor and Guy talk about the importance of planning to be prepared for any and everything you may encounter in your retirement years.