Retirement planning isn't just about growing your investments—it's about preparing for the unexpected.
In this episode of Your Money Matters, Michael Martinez, founder and president of The Pension Group, explains why a written financial plan is essential for navigating retirement with confidence. From income planning and Social Security strategies to healthcare, taxes, and legacy goals, Mike discusses the key components of a well-rounded retirement roadmap.
You'll also learn how unexpected life events—from job loss and family emergencies to supporting adult children—can impact your retirement plans and why protecting your own financial future should remain a priority. Mike explores opportunities for more active 401(k) and 403(b) management through in-service transfers, the growing challenges facing Social Security, and the long-term effects of inflation on retirement income.
In addition, he discusses long-term care planning, the advantages of hybrid life insurance policies, the often-overlooked costs of relocation, and why pension decisions can have lasting financial consequences. Discover practical strategies to help build a retirement plan that can adapt to life's curveballs while keeping your long-term goals on track.