Jun 28, 2019
This episode of The Confident Wealth Podcast with Bill
Bush and Pete Bush is the 8th installment in their series, The
Value of Working with an Advisor. During this installment, Bill and
Pete address the subject of preparing for retirement in a manner
that you can feel confident about. What type of retirement goals do
you have for you and your spouse? How will your financial needs
change during different phases of retirement? What are the various
ways financial planners can assist future retirees with proper
preparation? Bill and Pete have the answers for you.
- 01:37 – Bill Bush and Pete Bush introduce the topic of planning
for a confident
- 03:17 – Social Security is typically not enough to rely on for
- 03:51 – When you get to 50 the clock towards retirement starts
- 04:47 – What is the date and amount you need for
- 06:09 – What are your retirement goals?
- 07:29 – What are the three stages that some retirements fall
- 08:04 – How should you go about taking out extra money earlier
- 09:49 – How does healthcare play into retirement planning?
- 11:15 – Mortgage debt is a huge problem in retirement.
- 12:06 – Which unique factors should retirement planners prepare
- 13:26 – What are all the things that a financial advisor does
to help clients prepare
for a confident retirement?
3 Key Points:
- Have a dollar-specific/date-specific plan.
- The three phases of retirement generally are: checking off
dream activities from your bucket list, the slowing down phase, and
the older stage of not wanting to do anything.
- Runaway healthcare costs are the number reason for bankruptcy
- “A married couple that is 65, there is a one in two chance that
one of them lives to be 90.” – Bill Bush.
- “It is better for people to think in terms of retiring to
something instead of from something.” – Pete Bush.
- “A lot of times we are recommending going into retirement with
no debt of course, going into retirement with a couple of years of
cash that you can get your hands on.” – Pete Bush.