Search

Home > Retirement Answer Man Show > #49 I Want to Retire, But What About…?!?: Step 3 How to Manage Risk in Retirement
Podcast: Retirement Answer Man Show
Episode:

#49 I Want to Retire, But What About…?!?: Step 3 How to Manage Risk in Retirement
Category: Business
Duration: 00:44:39
Publish Date: 2015-01-21 05:30:59
Description: Risks can rob you from living a great life. Focus too much on them and you can miss out on a full life. Ignore risks and you can destroy your family's financial security. If you've started planning for retirement, you're probably overwhelmed with all the things you should worry about. This week, we'll address, head on, some of the biggest risks during retirement and help you assess how to handle them. Important Note: If you haven't listened to step 1 or 2 of Carl's Plan you'll want to start there: Step 1 Imagine Your Ideal Retirement Step 2 Identify and Organize Your Financial Resources This week, you'll focus on identifying and managing some of the big risks we all face during retirement. Longevity risk--Will you live to 100? Here's a calculator to estimate our chances. Inflation risk--What could the cost of living be 15 years from now? Find out here. Market risk Tax risk Health care risk Long-term care risk Here's Your Action Items for This Week: Make sure to listen to the episode. I discuss each one of these retirement risks and provide some insights into how you can plan for them. Review Carl's health care cost estimates. This will give you some insight into what you can expect. Review worksheets. Review the "Facing the Complexities of Medicare and Choosing Long-Term Care Insurance" worksheets. These will give you the basics on how to address each area. Complete the "Will I Live to 100?" calculator. The odds might be greater than you think. Complete the Retirement Health Care Cost Estimator (optional). If you submit it, you'll receive a free personalized estimate of your retirement health care costs to help you plan for the future. Finally, ask questions. If you're stuck or unclear about something, shoot me an e-mail. I'll do my best to answer your questions. Simply click here and ask your questions. In week 4, we'll discuss how to organize your affairs and set a gifting strategy for those you  love. Want Access to the Free Resources to Plan Along Side Carl? It's Not Too Late to Create Your Ideal Retirement Sign up (upper right of this page) and you'll receive: All the retirement planning resources from week 1 and 2 This week's resources Access to next week's webinar to find out whether Carl is positioned to achieve his ideal retirement. [spoiler] The Retirement Answer Man Episode #49 Well, hello there and welcome to the Retirement Answer Man Show! My name is Roger Whitney and this show is dedicated, we are committed – obsessively committed, is that enough? – to helping you dream up, plan for and live out your ideal retirement. This is a show where we try to help you answer those pesky retirement questions like, well, “When can I retire?” “What’s my lifestyle going to look like?” “Am I going to run out of money?” “What am I missing?” Each week, we try to give you content to help you as you walk that journey towards retirement and I want to thank you so much for joining me today. Now, before I get started, I want to give a special thank you to D. Will, Jensen, and Nick. Now, the three of you were kind enough to leave a review on iTunes and that means a lot to me for two reasons. One is it helps build the popularity of the podcast so we can serve more people so more people can get on that path to living an ideal retirement. But, on a personal level, it just means a lot to know that this is helping someone. I think it’s definitely helping me become a better advisor, but this show is about helping you, the listener, create an ideal retirement so it’s good to get that affirmation. Thank you so much! Well, before we get started, I want to have that all-important disclosure so let me turn that music down. Our attorney does not like happy music when I say the disclosure so let me get that off of there. Okay. Here’s the all-important disclosure and that is only you know your entire financial situation so you need to think of this podcast and my blog and, well,
Total Play: 0