Presentation Slides

Assessing health and longevity, as well as developing a dynamic income distribution strategy, are important steps in preparing early for retirement.

In this episode of the Functional Retirement Podcast, Thatcher Taylor discusses several charts that provide data about health and retirement planning. Taylor emphasizes the significance of starting retirement preparation early, particularly for individuals aged between 45 and 50. It is essential to analyze how much money is needed for retirement and assess one's health and longevity, as they play vital roles in Medicare and Social Security decisions.

Thatcher's expertise and experience as a retirement planner provide valuable insights into retirement planning, emphasizing the significance of early preparation, health and longevity assessment, and dynamic income distribution strategies. This makes the podcast a valuable resource for anyone interested in navigating the complexities of retirement planning.

Highlights

00:17 Importance of early retirement planning and maintaining good health
01:10 Life expectancy probability chart for married couples
03:19 Goals-based wealth management
05:17 Income replacement and Social Security and the impact of increasing income needs on Social Security percentage
08:47 Dynamic spending strategy and its advantages compared to the inflation-adjusted method
10:45 Breakdown of Social Security timing and the breakeven ages between taking benefits early and at full retirement age
15:06 Importance of considering long-term care expenses in later life.
17:03 The value of a retirement planner in coordinating needs analysis, income distribution, and goal tracking

✅Contact Thatcher at [email protected] with comments and questions!

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DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos.

​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.