It's the question of retirement questions: How much do I need to save so that I can retire?

In this episode, I emphasize the importance of understanding retirement cash flow. Additionally, I touch on identifying income sources, understanding retirement expenses, the role of retirement withdrawal rates - with consideration to life expectancy - and also discuss being prepared for unexpected retirement expenses. This episode also touches on how I serve my own financial planning clients.

Sources

• Fidelity Investments: "2024 Retiree Health Care Cost Estimate."
• Morningstar: "The 4% Rule Is Just a Starting Point."
• Social Security Administration: "Estimate Your Social Security Benefits."
• National Institute on Retirement Security: "The Real Deal for the Public Sector: Retirement Income Adequacy Study”

Thanks for tuning in to Financial Flow, brought to you by Tidepool Wealth Strategies. Until next time, stay resilient – and plan to retire well!

Tidepool Wealth Strategies website
Phillip Smith, CRPC AIF LinkedIn