Episode Summary:

In this episode of Navigating an Abundant Retirement Radio, Carol Dewey discusses the critical differences between controllability and responsibility in retirement. She explores how the modern retiree must navigate the shift from government and employer-sponsored retirement models to a more personalized responsibility for retirement security. Carol introduces the concept of being "Wealth Safe" (SAFE) and "Mindset Sane" (SANE) while sharing tips on controlling the elements you can to achieve peace, freedom, and confidence in your retirement.

Key Takeaways:

1. The historical evolution of retirement responsibility—from government and employer dependency to individual control.
2. The importance of separating controllable and uncontrollable factors in retirement planning.
3. A "Wealth Safe" (SAFE) plan focuses on protecting your finances from erosion, while a "Mindset Sane" (SANE) approach shields against negative exposure.
4. Retiring on your terms requires custom, comprehensive, and cohesive retirement strategies.
5. The 21-point Wealth and Lifestyle Assessment can help retirees identify gaps in their retirement plans and make informed decisions to enhance their lifestyle.

Quotes:

• "Retiring on your terms means you retire from a life on others' terms to a life on your terms."
• "To retire on your terms and fully enjoy peace, freedom, and confidence in retirement, we must separate the uncontrollables from the controllables."
• "Stay wealth safe, shielded against financial erosion, and mindset sane, shielded against negative exposure."

Timestamps:

• (01:15) Responsibility in Retirement: A Historical Perspective
• (08:20) The Shift from Employer-Based Plans to Individual Responsibility
• (13:45) Defining Controllability: What You Can and Can’t Control
• (15:00) The 10 Uncontrollables That Cause Financial Erosion

Referenced Links:

• Visit Carol Dewey’s website: www.perpetualwealthfinancial.com

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