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.

Apple PodcastsSpotifyGoogle PodcastsStitcheriHeartRadioTuneInAmazon MusicRSS

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

Ep 71: Going Against the Grain to Achieve Your Retirement Goals

Being a good advisor isn’t about winning a popularity contest or just saying the same things that everyone else in the industry says. It’s about giving the best advice that you can for each individual situation. On today’s show, we’re going to peel back the curtain to discuss some areas where a good financial advisor’s opinions might go against the grain with mainstream ideas in the industry.

Ep 69: Navigating Retirement and Divorce

We are going to discuss a tough topic today, divorce. Going through a divorce at any age is difficult but doing so close to or in retirement adds additional complications. There are a lot of little nuances that go along with splitting your assets and it can be an emotional investment as well.