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In part three of the Retirement 101 series, the focus is on creating an estimated retirement budget. The episode guides listeners through important steps such as identifying recurring expenses, recognizing what costs will decrease post-retirement, and planning for new expenses like medical premiums. 

It also explains how to calculate your annual expenses and retirement savings gap. The importance of consistent retirement savings and strategies for auditing and simplifying current expenses to better align with retirement goals are discussed.

00:58 Recap of Parts One and Two

01:49 Preparing for Retirement: 2-3 Years Out

02:16 Creating an Estimated Retirement Budget

03:06 Understanding and Adjusting Expenses

08:01 Estimating Retirement Income

09:04 Defining Your Retirement Savings Gap

13:32 Strategies for Closing the Savings Gap

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