EASE Into Retirement

Episode 114: "Why Do I Need a Retirement Budget?"

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Why do you need a budget in retirement? It's a common

question. Maybe you’ve worked hard, built a nice nest egg, and don’t see the urgency in creating one, or perhaps you’re on a fixed income and the thought of
budgeting feels overwhelming. In today’s video, retirement expert Tom Mosley breaks down why creating a budget is essential for a successful retirement plan. He’ll dive into the crucial components of a retirement budget, explaining why understanding these elements is key, no matter your financial situation.

Tom will also show you how to effectively create and adjust your budget as you transition into retirement, ensuring you’re financially prepared for the years ahead. Don’t miss out on these vital insights that can help you

secure a comfortable and worry-free retirement.

 

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TIMESTAMPS

00:00 Why You Need a Budget in Retirement

01:30 Three Crucial Items Need to Put Together a Budget

01:50 How Much Income Do You Have?

02:45 How Much Are Your Expenses?

03:40 Is There a Gap?

04:47 How to Put Together Your Budget

06:54 Adjusting Your Budget as You Dive into Retirement

09:03 In all Honesty, how a Financial Advisor Can Help

10:20 Using Your Budget to Create a Retirement Plan


Have specific questions for Tom and the team at Mosley Wealth Management? Contact us here 👇

https://mosleywealthmanagement.com/contact/

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Learn the key components you need to include in your retirement plan with this video: https://youtu.be/QkJzvbZ_gDs


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DISCLOSURE: Investment advisory services offered by duly registered individuals through Mosley Wealth

Management, Inc. (“MWM”). MWM and Mosley Insurance and Financial Services are affiliated companies by common ownership. License # 0K76766 Investing
involves risk, including the potential loss of principal. Any references to protection, safety, or lifetime income, generally referred to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength claims paying abilities of the issuing carrier. This content is intended for informational & educational purposes only. It is not intended to be used as the sole basis for financial decisions nor should it be construed as advice designed to meet the needs of an individual situation. All hypothetical examples are provided for illustrative purposes only; they do not represent real life scenarios. Mosley Insurance & Financial Services nor its agents or representatives may not give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any investment decisions. Our firm is not affiliated with or endorsed by the US government or any governmental agency. Some of the information provided may be from one or more third parties which we believe to be reliable sources, but
accuracy and completeness cannot be guaranteed by Mosley Insurance & Financial Services.

 

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EASE Into RetirementBy Tom Mosley