Without the right planning in place, new retirees often find the financial aspect of the retirement transition to be somewhat daunting. Although we can plan for retirement for years, estimating actual cash flow needs can be pretty tricky. So, in this episode, I will be explaining how to figure out how much you will likely need to keep up the same lifestyle in retirement that you have while you are still working.
Listen in as I share the importance of creating a buffer in your savings for retirement, as your average daily spending might be higher than what it is when you are working every day. You will learn how to create a practice run to ensure you’ll have enough money, the benefit of planning ahead and steps you can take now to get on track.
What You’ll Learn In Today’s Episode:
- When you might need to think about budgeting.
- How to figure out what your cash flow needs are in retirement.
- The importance of planning appropriately for your retirement.
- The benefit of keeping track of how much you spend per year.
- What you don’t need to include in your cash flow estimates for retirement.
- How to create a practice run for retirement expenses.
Ideas Worth Sharing:
“You should be able to maintain the same lifestyle in retirement that you had when you were working.” – Joseph Curry
“In retirement every day is Saturday.” – Joseph Curry
“Planning ahead gives you time to make some adjustments.” – Joseph Curry
Resources In Today’s Episode:
- Joseph Curry: LinkedIn
If you like Your Retirement Planning Simplified…
Whenever you’re ready… here are 2 ways I can help you with your Retirement Planning:
- Are you ready to retire? Use my FREE Retirement Readiness Calculator to run your numbers to see if you’re truly ready to retire.
- Book your Intro Call with me to see if my expertise matches your situation. If I’m not the right fit for you, I will happily point you in the right direction to get the advice you need.