Planning for a Longer Life: Financial Strategies for Retirement
If you would like to have the privilege of retiring, to be able to experience the things that are going to be fun that you've always dreamed of in retirement, the work has to be done absolutely right.
Retirement can be a tricky puzzle, especially when it comes to planning for a longer life. In this episode of 'Financial Sobriety', hosts Matthew Grishman and Jim Gebhardt tackle the often-overlooked issue of longevity risk. They dive into the financial hurdles that come with extended lifespans, like the skyrocketing costs of long-term care. Have you ever thought about how you'd afford years of managed care? Matthew and Jim break it down, offering practical advice on preparing for such scenarios.
They explore the benefits of aging in place, sharing insights on how to make your home a safe haven as you grow older. But it's not just about the dollars and cents. The hosts stress the importance of open family conversations and finding the right financial planner to guide you through these complex decisions. They even redefine retirement into three phases, helping you see the bigger picture.
If you're looking to make the most out of your golden years, this episode is packed with wisdom and actionable tips.