This episode focuses on the constants and variables of retirement, providing insights on market volatility, income planning, and lifestyle analysis.
Toni shares a relatable analogy, comparing income planning to cutting a juicy steak on a slippery plate. Without a stable foundation, it's nearly impossible to enjoy the meal. Similarly, a stable and predictable income is important for maintaining your lifestyle in retirement. This foundation allows you to build other financial strategies around it, helping ensure a comfortable and confident retirement.
Tyler points out the common misconception of shifting more into bonds to get conservative as you near retirement. She explains that during situations like the pandemic, both bonds and stocks can perform poorly, making it important to have a well-rounded income plan that considers various market conditions.
Learn more about these retirement planning topics and the important constants and variables of planning that could impact your financial future by listening to the rest of the episode!
Here’s what we discuss in today’s show:
Key Takeaway
"You need a piece of your income, the vital piece of your income, the base of it, the foundation, to be very, very stable, as-predictable-as-possible income."
We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio
This episode focuses on the constants and variables of retirement, providing insights on market volatility, income planning, and lifestyle analysis.
Toni shares a relatable analogy, comparing income planning to cutting a juicy steak on a slippery plate. Without a stable foundation, it's nearly impossible to enjoy the meal. Similarly, a stable and predictable income is important for maintaining your lifestyle in retirement. This foundation allows you to build other financial strategies around it, helping ensure a comfortable and confident retirement.
Tyler points out the common misconception of shifting more into bonds to get conservative as you near retirement. She explains that during situations like the pandemic, both bonds and stocks can perform poorly, making it important to have a well-rounded income plan that considers various market conditions.
Learn more about these retirement planning topics and the important constants and variables of planning that could impact your financial future by listening to the rest of the episode!
Here’s what we discuss in today’s show:
Key Takeaway
"You need a piece of your income, the vital piece of your income, the base of it, the foundation, to be very, very stable, as-predictable-as-possible income."
We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio