A lot of people aren't clear on what financial planning exactly is, so in this episode we go through a case study featuring Elvis and Priscilla Presley, and how they were helped by working with a retirement planning expert.

If you'd like help on your own retirement, go to: StartMyRetirement.US

We are continuing our series on sources of income in retirement, this week detailing reverse mortgages.

We will dive into what a reverse mortgage is, how it works, some pros and cons, and then I'll tell you how I view using reverse mortgages in retirement.

If you'd like to learn more about retiring, check out my free books on retirement planning: freeretirementbooks.com

In this episode, we cover one of the most important things you can do before you retire: Determining where you will generate an income in retirement.  You will likely have multiples sources of income in retirement, and we want to ensure that your income will match up with your desired expenses.

This episode will cover that by going through our Retirement Income Worksheet, which you can download for free at RetirementWorksheets.com

Since expenses are one of the most important factors in determining whether your retirement will last, make sure to tune in so you can be well prepared for some costs that might actually go DOWN in retirement.

You can also learn how to lower your tax expense in retirement by picking up my book The Retirement Tax Bomb, available at freeretirementbooks.com

As you approach retirement, it's so important to have an idea of what expenses might increase, and ensure you have a plan in place to pay for everything.  This episode will help you understand what actual retirees spend their money on so that you can best prepare for your own retirement.

And if you'd like my help in creating your own retirement plan, go to StartMyRetirement.US and you can book a time for us to chat.

One of the most important things you can do before you retire is to have a solid understanding of your retirement expenses.  

In today's episode, we will discuss the research and findings of David Blanchett, who wrote an article titled "Exploring the Retirement Consumption Puzzle."  

David's research will teach us about actual retirement spending, including something called the Retirement Smile as well as identify three different phases of your retirement expenses.  

And at the end, I discuss how you can use this research to make sure you have the best retirement possible.

In today's episode, we discuss 8 different ways that you can pay for your long term care needs.  We will of course cover long term care insurance, but will also cover 7 additional ways to meet at least some of your long term care needs in the future.

And before you make any big retirement decisions, make sure you download all three of my books on retirement planning, available for free at FreeRetirementBooks.com.

In today's episode, we discuss 5 common questions about long term care, as well as my thoughts to each question.  The questions include:

1  Do I really need long term care insurance?

And before you make any big retirement decisions, make sure you download all three of my books on retirement planning, available for free at FreeRetirementBooks.com.

In today's episode, we discuss the different types of long term care, including: Home based health care, the 3 different types of residential facilities, adult day care centers, Alzheimer’s care facilities, and the importance of emergency medical alert systems.

And before you make any big retirement decisions, download my free book 65 Questions to Ask and Answer Before you Retire to get yourself on the right track and to make the right retirement decisions.  That book is available at FreeRetirementBooks.com

In today's episode, we discuss what long term care is, how often people need it, the average premium costs, the average expenses for different types of care, and what to look for in a long term care policy.  

And before you make any big retirement decisions, download my free book 65 Questions to Ask and Answer Before you Retire to get yourself on the right track and to make the right retirement decisions.  That book is available at FreeRetirementBooks.com