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The Three Essential Numbers for a Secure Retirement
Takeaways:
- The three critical numbers essential for determining retirement readiness include lifestyle spending, reliable income, and safe withdrawal rates.
- Individuals often underestimate their retirement spending needs, which can lead to financial shortfalls later in life.
- Calculating your reliable retirement income is crucial to understanding the gap that needs to be filled by investments.
- A conservative withdrawal rate of three and a half to four percent is generally advisable to avoid depleting retirement funds too quickly.
- It is imperative to adjust financial strategies based on market conditions and personal circumstances to enhance retirement security.
- Engaging with a qualified financial advisor can provide clarity and tailored strategies rather than relying on generic projections.
To schedule a Discovery Call go to: https://www.momentouswealthadvisors.com/contact
Get Your Risk Number by taking the FREE RISK ASSESSMENT: https://pro.riskalyze.com/embed/da35a673b96655a2f2b1
Pick up a copy of my book "Momentous Decisions: 7 Steps to Better Health, More Wealth, and a Richer Life" at:https://www.momentouswealthadvisors.com/book
Brian D Muller(AAMS©), Founder, Wealth Advisor
Podcast Disclaimer The Wealth Decisions Podcast is provided solely for general information purposes and should not be construed as accounting, legal, tax, or any other professional advice. Visitors are advised not to act upon the information or content found here without first seeking appropriate guidance from a qualified accountant, financial planner, lawyer, or other relevant professional. Any hypothetical performance is just that, and there is no guarantee that you will receive a specific average rate of return in any examples in this podcast.
THE BASICS OF RETIREMENT PLANNING Retirement planning has several steps, with the end goal of having enough money to quit working and live your version of a richer life. My goal is to help people make better wealth decisions along their financial journey so they can retire and stay comfortably retired
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By Brian D Muller (AAMS©) (BFA™)Takeaways:
- The three critical numbers essential for determining retirement readiness include lifestyle spending, reliable income, and safe withdrawal rates.
- Individuals often underestimate their retirement spending needs, which can lead to financial shortfalls later in life.
- Calculating your reliable retirement income is crucial to understanding the gap that needs to be filled by investments.
- A conservative withdrawal rate of three and a half to four percent is generally advisable to avoid depleting retirement funds too quickly.
- It is imperative to adjust financial strategies based on market conditions and personal circumstances to enhance retirement security.
- Engaging with a qualified financial advisor can provide clarity and tailored strategies rather than relying on generic projections.
To schedule a Discovery Call go to: https://www.momentouswealthadvisors.com/contact
Get Your Risk Number by taking the FREE RISK ASSESSMENT: https://pro.riskalyze.com/embed/da35a673b96655a2f2b1
Pick up a copy of my book "Momentous Decisions: 7 Steps to Better Health, More Wealth, and a Richer Life" at:https://www.momentouswealthadvisors.com/book
Brian D Muller(AAMS©), Founder, Wealth Advisor
Podcast Disclaimer The Wealth Decisions Podcast is provided solely for general information purposes and should not be construed as accounting, legal, tax, or any other professional advice. Visitors are advised not to act upon the information or content found here without first seeking appropriate guidance from a qualified accountant, financial planner, lawyer, or other relevant professional. Any hypothetical performance is just that, and there is no guarantee that you will receive a specific average rate of return in any examples in this podcast.
THE BASICS OF RETIREMENT PLANNING Retirement planning has several steps, with the end goal of having enough money to quit working and live your version of a richer life. My goal is to help people make better wealth decisions along their financial journey so they can retire and stay comfortably retired