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Ep. 34 –Golden rules for managing money in your Golden Years. With Jamal Al-Hashemi
You’ve saved your money,made a bucket list, and it’s finally time to retire.Are you prepared to flip the switch on your financial plan?This week, Travis and Derrickinvite Island SavingsWealth Planning Specialist, Jamal Al-Hashemi, to talk about how your financial plan and habits change to accommodate your retirement lifestyle.
1:10Money Problem:When Travis’ clients entered retirement their sources of income changed dramatically, making budgeting a new challenge.
4:00Expert Examination:Derrick, Travis and Jamal Al-Hashemi talk about how to make sure your money helps you thrive in retirement:
- Do you need to drastically change your budget when you retire?
- Two types of inflation to plan for.
- New expenses to expect, old expenses to forget, and what to do about debt.
- Managing multiple income sources – when and where to draw money while retired.
- Tips to minimize taxes.
- Shifting your investment strategy.
- How your Financial Advisor can help you prepare for retirement.
23:00–Weekly Financial Fix:One easy way to adjust your retirement budget is to start with spending. Travis has a challenge this week that can save you money for years.
If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode.
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By Island Savings - Valley First - Envision Financial - Enderby & District Financial | Divisions of First West Credit UnionYou’ve saved your money,made a bucket list, and it’s finally time to retire.Are you prepared to flip the switch on your financial plan?This week, Travis and Derrickinvite Island SavingsWealth Planning Specialist, Jamal Al-Hashemi, to talk about how your financial plan and habits change to accommodate your retirement lifestyle.
1:10Money Problem:When Travis’ clients entered retirement their sources of income changed dramatically, making budgeting a new challenge.
4:00Expert Examination:Derrick, Travis and Jamal Al-Hashemi talk about how to make sure your money helps you thrive in retirement:
- Do you need to drastically change your budget when you retire?
- Two types of inflation to plan for.
- New expenses to expect, old expenses to forget, and what to do about debt.
- Managing multiple income sources – when and where to draw money while retired.
- Tips to minimize taxes.
- Shifting your investment strategy.
- How your Financial Advisor can help you prepare for retirement.
23:00–Weekly Financial Fix:One easy way to adjust your retirement budget is to start with spending. Travis has a challenge this week that can save you money for years.
If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode.