Ep 68: Retirement Planning Pop Quiz

Can you get an A+ on this retirement planning pop quiz? Don’t worry too much about acing this quiz though, there’s always time to improve your grades.

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The Game Plan

At what age should people start saving for retirement?

  1. When you begin working
  2. When you buy your first home
  3. When you pay off all your debt

Definitely not when you pay off all your debt, it’s likely you’ll have debt on and off throughout your life. The best time is when you start working, especially if your job offers a 401(k) match.

Which of these is the best estimate of how much income you’ll need in retirement?

  1. 50% of your current income
  2. 85% of your current income
  3. 100% of your current income
  4. None of the above

Your retirement income is never going to be 100% because of deductions. It’s fair to say none of the above. Around 65% is going to be the most common estimate, but finding a customized and personalized number is important for your plan.

Join us today as we answer these retirement trivia questions and see how well you do with your financial knowledge.

The X’s & O’s

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

[1:49] At what age should people start saving for retirement?

[3:36] – What is the best estimate of how much income you’ll need in retirement?

[6:23]Which of these do retirees fear the most?

[8:04] – Which of these represent a diverse retirement plan?

[9:48] – To make sure you don’t run out of money, only take _____ out

I know if you read on Yahoo finance, they talk about that 60-40 mix a fair amount. They don’t really like it. But I think it’s a great mix for most people, definitely for a starting point.”


– Dale Tondryk

More To Explore

The Financial Calendar

Join us in this episode of The Retirement Playbook podcast as Dale dives into the essential financial matters you need to address throughout the calendar year. He provides valuable insights into maximizing retirement contributions, managing required minimum distributions (RMDs), and making strategic financial moves to optimize your retirement savings.

Financial Therapy

Financial discussions and retirement planning can come with many emotions. From counseling couples with differing financial views to providing support during challenging life events such as divorce or medical issues, financial professionals wear many hats, including the role of a therapist. In this episode, Dale discusses the impact of having a financial professional guide you through life’s most stressful moments.

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.