Ep 60: Guessing at Retirement Planning

Are you guessing at retirement planning? If so, what could it be costing you?

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The Game Plan

There are some things in life that you can guess at. However, when it comes to your retirement plan there are a few major questions and factors you certainly don’t want to guess at. This is especially true if you aren’t working with an advisor. A lot of people estimate the monthly income they need, but just guessing a number won’t cover it.

Do you know what major purchases you are going to go through with once you are retired? You can’t guess for these big purchases, you have to plan them out in order to protect your emergency savings. Join us today as we discuss 4 areas in retirement planning you shouldn’t be guessing at and what could go wrong if you do.

The X’s & O’s

Check out the timestamps below to skip around to specific topics on the show.

[1:27] Monthly income

[4:03] Major purchases

[6:00] Inflation

[9:44] Healthcare costs

[11:51] Having a plan

That’s going to raise healthcare costs. Home healthcare is going to be more expensive, along with assisted living and nursing home care. Those three things are affecting the baby boomers dramatically and will continue to do so in the future.

– Dale Tondryk

More To Explore

Ep 88: The Retirement Lifestyle

We’re taking a quick break from the Xs and Os of retirement finances today. Instead, we’re going to talk about some other important pieces of forming your retirement lifestyle. Join us as we discuss staying busy, the significance of social connections after you’ve stopped working, and maintaining your physical and mental health throughout retirement.

Ep 87: Social Security Myths

Have you ever wondered if the Social Security system will run out of money before you retire? Or if claiming benefits as soon as you’re eligible is the best decision for your financial future? In this episode, we’ll be debunking common myths about Social Security and answering the questions you’ve been curious about.

Ep 86: Don’t Get Lost In Retirement

Getting lost while driving in the car or hiking in the woods is kind of like getting lost in retirement planning. It can be tough to find your way without the right guidance and tools. But fear not! In today’s episode, we’re going to explore the most common mistakes people make in retirement planning and share some insightful advice to help you stay on track.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com