Episode Takeaways:
- Don't panic during market volatility, especially if you're young and have time to recover losses.
- As you approach retirement, be more mindful of market volatility and have a sense of urgency in protecting your savings.
- Consider your lifestyle and financial goals when determining how much money you need for retirement.
- Plan for inflation and unexpected expenses in retirement.
- Focus on your individual financial risks and goals rather than getting caught up in political events.
- Work with a trusted advisor to create a retirement plan that ensures you don't run out of money and can afford your desired lifestyle.
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