The Five Pillars of Retirement Planning

The conversation on Mile High Money with Adam Mueller covers the five pillars of retirement planning: income planning, investment management, expense management, healthcare and long-term planning, and additional income sources. The first pillar, income planning, involves developing a strategy for a steady stream of income throughout retirement, starting with Social Security and considering pensions. The second pillar, investment management, focuses on balancing growth potential with risk management and adjusting investment strategies as retirement approaches. The third pillar, expense management, involves estimating and managing retirement expenses to align with available income. The fourth pillar, healthcare and long-term planning, emphasizes the importance of planning for long-term care and the potential costs associated with it. The fifth pillar, additional income sources, explores options such as part-time work, social security benefits, pensions, and real estate income The conversation also touches on topics such as the bull and bear markets, the financial red zone, and the impact of taxes and inflation on retirement savings.

Reach out to Adam at 800-467-0737 or https://myajmfinancial.com

 

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