Retirement and Estate Planning Essentials (Ep. 15)
Two crucial components for managing your financial future are retirement and estate planning. With proper planning, you can navigate financial complexities and enjoy your golden years with more confidence.
In this episode, David explores the complex topic of retirement and estate planning by explaining what is required for you to work towards meeting financial goals for you, and future generations. He covers topics including but not limited to budgeting, cash flow management, investment accounts, withdrawal rates, and mortgages in retirement. David also discusses the benefits of different retirement accounts, including Roth accounts, and the role of social security and pensions. He touches on estate planning, setting financial goals, and making informed decisions about when to start taking social security.
David discusses:
- Retirement account options and their tax implications
- How inflation and investment returns can impact the value of your retirement savings
- The importance of budgeting and cashflow
- Strategies for maximizing Social Security benefits
- And more!
Resources:
- Personal Finance on Steriods, Part 1: Retirement (Ep. 3)
- Will My Money Last Throughout My Retirement? (Ep.4)
- How Much Money Do I Need To Have To Retire? (Ep. 5)
- Managing Your Cashflow & Setting SMART Goals (Ep. 14)
Connect with David Koren:
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